Friday, September 19, 2014

What people bought today was not even the actual Assets of Alibaba

"People bought shares in the Cayman Islands based holding company that gets profits from Alibaba and has an iron clad deal to get the profits (at least they say it's iron clad) but it's not the assets of the company. It's not unusual for a Chinese Internet company to have that kind of deal but it's not the way western investors typically invest." quote from David Kirkpatrick today from pbs newshour.

quote from PBS Newshour Friday September 19th 2014 at 3pm pacific time.

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