Munich Personal RePEc Archive

Futures or Retail?: The Financial Ambiguities Behind Internet Market

Pachankis, Yang (2023): Futures or Retail?: The Financial Ambiguities Behind Internet Market. Published in: SunText Review of Economics & Business , Vol. 4, No. 4 (2 October 2023): p. 193.

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The research outlines the sovereign-fund based Ponzi scheme of the People’s Republic of China (PRC) rent-seeking powers. It analyzes into the evidence from the internet economy in PRC with Alibaba and the failed Nasdaq Initial Public Offering politics of Ant Group. Five angles have been adopted to describe the phenomena with justification from evidence, and the research has noticed the involvement of the Chinese military in the power competition in the rent-seeking financial realm with oligarchic characteristics. The research concludes that Ponzi schemes do not necessarily have to not involve product delivery, and the element of the time value of currencies is more fundamental to it in the process of truth emergence.

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