May 7, 2014
Alibaba and China's Two Great Walls
Leonid Bershidsky, Bloomberg
The Associated Press
Alibaba's initial public offering prospectus makes it clear that potential investors are looking at a very Chinese business: huge and fraught with the dangers of working under a protectionist, paranoid government and within a murky legal framework. Those who buy into Alibaba's $20 billion IPO will be investing in China's policy of creating "national champions," without any guarantees that their rights will be honored or their input appreciated.
TAGGED: China, Alibaba