Skip to main content
No. of Recommendations: 2
There are a number of us on this board who will not invest in Chinese companies. There are many regulatory issues that are opaque and many behind-the-scenes political connections that must be maintained to be successful. It is impossible for us to know what they all are.

Alibaba is owned by Jack Ma and was set to be the largest IPO the world have ever seen. That was until some in the government thought he was getting a little big for his britches.

Invest carefully!

From the article:

Hong Kong (CNN Business)Beijing just showed tech titan Jack Ma and the rest of China's billionaire tycoons who's really in charge.

Chinese regulators stunned financial markets on Tuesday when they slammed the brakes on Ant Group's highly anticipated initial public offering just days before its shares were scheduled to start trading in Shanghai and Hong Kong. Ma's financial tech firm was set to raise $37 billion and become the biggest share sale in history.
The Shanghai Stock Exchange said in a late night statement that it had postponed the Ant Group IPO because of "major issues" that might cause the company "not to meet the listing conditions or disclosure requirements." That came after the Chinese central bank and other Chinese government officials called in Ma and Ant Group executives for talks Monday.

More here:

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.