I was reading more about Alibaba and realized I had a mistaken impression of what the stock offering was all about. It appears that they aren't trying to come into the U.S. and the Western World yet. They only want investors. And the money is connected through a Cayman Islands account and people in the U.S. and Europe don't really own the primary stock in China but only a profit taking agreement with the Cayman Islands front.
So, from my point of view this relationship is pretty flaky for American investors.
However, what I got wrong (at least for now) is that Alibaba is trying to enter the Indian Market and now is only in the Chinese market. It is not here in the Western markets of the U.S., Canada and Europe.
I see Alibaba since it is a part of the Chinese Government as a threat to the western World economically if it ever tried to do business directly here. Because it is an instrument of Chinese Internet Business but is also a weapon of Governmental economic war upon the world if you have some understanding of what this kind of business is.
If Alibaba was allowed to function in the western world it would immediately destroy amazon.com, Ebay, Google and all American Internet Tech companies because of it's economic clout. So, as long as it doesn't come to the U.S. and Europe I don't have a problem with Alibaba being in China. It's just if it comes here it would economically destroy the U.S.
This is why I don't really understand why American investors are investing in such a flaky deal through the Cayman Islands? It is sort of like playing with fire and the potential end of the U.S. economy.
To the best of my ability I write about my experience of the Universe Past, Present and Future
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