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Alibaba's US IPO Could Top $20 Billion
mpicpp writes with a snippet from Businessweek: Alibaba Group Holding Ltd. is seeking to raise as much as $21.1 billion in its initial public offering, in what could be the largest sale of new stock in the U.S. ever. The Chinese company and shareholders including Yahoo! Inc. (YHOO:US) plan to sell 320.1 million American depositary shares for $60 to $66 apiece, according to a regulatory filing today (BABA:US). At the high end of that range, the offering would surpass Visa Inc.'s $19.7 billion IPO in March 2008 and give the company a market value of $162.7 billion. Alibaba's executives are now able to meet fund managers to build demand for the IPO and they plan to begin the roadshow in New York next week, people with knowledge of the matter have said. The Hangzhou-based company has garnered years of attention for its scale — with 279 million active buyers in the year through June — and its exposure to a growing Internet consumer base in China.
Unlike the U.S., the dirty little secret people in other countries want to keep quiet about, or are forced to keep quiet about, are the people they call "nigger" in their culture.
Chinese has minorities, but unlike other countries, they are doing something about it. They recently announced a policy of paying people to intermarry. If an ethnic minority person marries someone in the dominant Han ethnicity, they can receive a payment of 10,000 RMB per year for the first five years of their marriage. If they encourage enough mixed marriages, they may be able to eliminate all their minorities in a few generations. They won't have to worry about Tibetan separatism if there are no more Tibetans.
I tried to source items from sellers on Alibaba. I really did. Unfortunately, the site looks like a year 1 beta run my morons who don't know what they're doing and have never even heard the term professionalism. Their e-mails are basically scam spam. Every single seller who gave me a quote turned out to be a scammer. Alibaba doesn't give a shit. They do nothing to stop it besides pretending to certify them as gold sellers. If you invest in Alibaba, you might as well put money in Facebook and Apple because apparently you like disastrous Titanic-caliber corporate meltdowns. Investing in companies because they're making money when all their users hate them is so beyond stupid.
People are both right and wrong here. Though despite what the CCP wants you to believe "Chinese" is not a language any more than "Swiss".
Gweilo (white ghost, aka foreign devil) is Cantonese, and though some don't consider it all that offensive, that would be about how an Alabama redneck doesn't consider "hey boy" offensive to a black man.
But it's not Mandarin, so the OP's post of "learn some Mandarin you dirty uneducated gwailo" made about as much sense as "learn some American you barmy wanker" :)
Then that was actually illegal. The ONLY stock that can be given to Chinese nationals, working in China, is that of a company publicly traded on a Chinese stock exchange. No other stock transaction is actually legal. Now, many do it anyway (hey, TIC - This Is China), but it is illegal.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!