it is disgusting that Alibaba is allowed to go public in America for so many reasons.
Jack Ma & Alibaba screwed over Yahoo. Yahoo owned 40% of Alibaba for which they invested $1 billion. Jack Ma did not like that he did not own these shares so he used China's lawlessness to force Yahoo to sell him back its shares at much discounted rates. Yahoo lost $40 billion in gains. The story is well known. Google it. In America Yahoo would have just given him the finger and defended its rights to ownership but in China where anything goes Yahoo was screwed. Jack Ma literally took company assets (Alipay) out of Alibaba and put them into his own company that he owned without Yahoo permission and without compensating Yahoo shareholders. This would get you Jail time in America, not hero status.
Google, Facebook, Twitter are not even allowed to operate in China. Why do we help these Chinese companies when they are not even allowing American companies to operate in China ??
Recently Microsoft and other American tech giants have been bullied and blacklisted in China. How is this ok with Obama and America ??? Why do we allow China to screw us over and welcome Alibaba so openly? is it just FEES? is it just FEES that wall street will earn ?
As this article informs Jack Ma will do whatever he wants with Alibaba. I am sure he will screw American shareholders over in endless ways. Already he has a company inside Alibaba doing all sorts of deals within Alibaba and with Alibaba. Essentially Alibaba is still his piggybank.
Whats the true reason we allow this in America? Is it cause Goldman Sachs and others want their fees and dont care about what it means otherwise ?
Alibaba should have been barred from IPOing in America.
comment submitted by francacondo
Submitted September 19, 2014 at 07:35PM by laowai852 http://ift.tt/1uPt1gs
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