Thursday, September 11, 2014

Funny Comment About Alibaba IPO

"as a shareholder, you are not becoming part owner of Alibaba, the Chinese online merchandiser, but instead get a share of a shell entity (the Cayman Islands based variable interest entity) that controls the operating company through a legal agreement (that exists because the Chinese government treats it as such, for the moment)"
Hilarious! Some people never learn...

1 comment:

ChrisD said...

Ironic given Muddy Waters' comments this week