I describe the alibaba website as a place where when you need a sip of good glean water, you are given a firehose of foul liquid. If you are serious about business, stay away form alibaba.
Yahoo.com was once a part owner, and they got out.
But but but, Alibaba is a massively successful company. Yes, Alibaba is the Sprint, Esurance, Google, Amazon, Ally bank, Twitter, facebook and everything else all rolled into one in China. I have no doubt it is doing well in many areas, but it is known for trade leads. What it is known for must be avoided.
Now, China politics, on the Alibaba IPO:
With all that power and money, it seems Alibaba wants to launder it out of China. It seems the Chinese officials are frowning on that, making the ever more desperate alibaba folks panic. And good for Hong Kong to stick to its rules.
Hong Kong has the exact same set of rogues and knaves as anywhere else, the genius is none of them can aggregate enough power to work their evil on others. With no ability to aggregate power, peace and prosperity reigns.
Feel free to forward this by email to three of your friends.
Yahoo.com was once a part owner, and they got out.
But but but, Alibaba is a massively successful company. Yes, Alibaba is the Sprint, Esurance, Google, Amazon, Ally bank, Twitter, facebook and everything else all rolled into one in China. I have no doubt it is doing well in many areas, but it is known for trade leads. What it is known for must be avoided.
Now, China politics, on the Alibaba IPO:
Shortly after the company's CEO Jonathan Lu blasted the Hong Kong authorities for their lack of knowledge about Internet enterprises, his boss, chairman Jack Ma, invited a group of Hong Kong reporters from various media to Alibaba's headquarters in scenic Hangzhou to make a personal plea.
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This is not going to convince too many in Hong Kong. What Ma may have missed is that bending the rules for his company would almost certainly stir a controversy that the Hong Kong government can ill afford at this time.
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There was talk about Alibaba bringing its IPO to New York, or, some reports suggested, London. ... Alibaba is not rushing into the US largely because that market is noted for its tough disclosure requirements and a large contingent of litigation-happy shareholders and investors. Hong Kong is the Goldilock's choice for Alibaba except for a provision in the rules that require all shareholders to be treated equally.
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Ma and his lieutenants may not fully appreciate the importance of consistency in a rule-of-law market environment so meticulously established by the Hong Kong government over the past several decades to attract long-term investment funds from overseas institutions.
With all that power and money, it seems Alibaba wants to launder it out of China. It seems the Chinese officials are frowning on that, making the ever more desperate alibaba folks panic. And good for Hong Kong to stick to its rules.
Hong Kong has the exact same set of rogues and knaves as anywhere else, the genius is none of them can aggregate enough power to work their evil on others. With no ability to aggregate power, peace and prosperity reigns.
Feel free to forward this by email to three of your friends.
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