Why is There a Threat to 60 IPOs of China's Tech Companies?

Very surprising things are happening in the world of technology. China is giving decrees destroying its own private tech companies. Companies with online education are ordered not to run the company for profit. They cannot bring IPO. Foreign capital also cannot be raised at all. Most of the companies under attack are listed in the US, Hong Kong, Shanghai and operate in the consumer internet space. But, why is there a threat to 60 IPOs of China's tech companies? Tune in, as The Quint's Editorial Director, Sanjay Pugalia explains. Learn more about your ad choices. Visit megaphone.fm/adchoices