3 ms·
It's possible every penny is well accounted for, but the person being interviewed doesn't seem to share that sentiment even pointing out that the original "Ali
by benologist 10y ago
It's possible every penny is well accounted for, but the person being interviewed doesn't seem to share that sentiment even pointing out that the original "Ali Baba" was a thief. The other investor quoted said Alibaba's paperwork looks "faked". They may have their own agendas, but Alibaba seems to be deliberately avoiding any legitimate transparency.
- kbenson 10y agoAnother way to state or interpret what I said in my prior comment is "Unless they actually have broken some laws, all they are doing is playing the game better than most the investors." If they are breaking the law, then they've defrauded investors. If they haven't, even if they've lied, all they've done is just found a new loophole, and investors should have been aware that what they were reading could have been a lie. it's not fair, but that's never been true about the market.
- benologist 10y agoThe suspicion around this company's accounting practices seems to predate this article. We may find out the truth, and it might be nothing, if the SEC investigates. But that may be hampered by the Chinese government prohibiting audits by the US. http://fortune.com/2015/09/18/alibaba-faking-numbers-hedge-fund/ http://fortune.com/2015/09/18/alibaba-faking-numbers-hedge-f... http://fortune.com/2016/02/05/alibaba-stock-pay-disturbing/ http://fortune.com/2016/02/05/alibaba-stock-pay-disturbing/ http://www.barrons.com/articles/alibaba-digging-into-the-numbers-1455944344 http://www.barrons.com/articles/alibaba-digging-into-the-num...