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Could be a portfolio diversification move- not sure how they financed it but China's currency is pretty inflated, we've seen a lot of large equity investments f
by creaghpatr 10y ago
Could be a portfolio diversification move- not sure how they financed it but China's currency is pretty inflated, we've seen a lot of large equity investments from the Chinese in the past 2 years (in Hollywood, for example).
If the CNY crashes for whatever reason they can dump the stock and flip the currency for a lot.