3 ms·
Nah, they just want to do something with all that money they have. Leaving it in China might be an issue if the market in China changes.
by zitterbewegung 9y ago
Nah, they just want to do something with all that money they have. Leaving it in China might be an issue if the market in China changes.
- verelo 9y agoSo why not just buy something safe, like a US bond?
- pm90 9y agoDiversification. The Chinese Govt. already holds trillions of dollars in US bonds. I think if Snap goes south and wants to get acquired, Tencent would get first dibs. It would be in a better position to gobble up the company and get all those engineers who already have a ton of messaging app experience for cheap.