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:
Ironic given Muddy Waters' comments this week
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