And here I thought perception was reality. I suppose it can be, for a while.
So basically they were operating just like CONGRESS does?
“brushers”... it’s an industry in China.
It’s probably an industry here, although less developed.
Alibaba is a scam and their IPO was rife with fraud.
It should not bave been possible for them to IPO in the US but, SEC let em do it...
The BABA ‘stock’ is actually the stock of a shell company in the Cayman Islands, to which AliBaba is obliged to pay money....if they have any. The Chinese government does not allow foreigners to purchase actual Chinese companies - if there are any actual ones!
Who do they think they are? Facebook, Twitter, MySpace, countless other sites!