Could there be a connection to the scaling debate? Bitcoin Unlimited (BU) is called "China coin" by the SegWit camp, because of preference by the chinese miners. BU on the other hand accuses SegWit to be a trojan horse of the AXA group, with Blockstream being their proxy. BU calls SegWit also a "poison pill".
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Another good point @rapshmelth. It's all very political and only time will reveal the true motivations. We can only read the tea leaves for now.