Alibaba’s I.P.O. Could Be a Bonanza for the Scions of Chinese Leaders(dealbook.nytimes.com)

dealbook.nytimes.com

Alibaba’s I.P.O. Could Be a Bonanza for the Scions of Chinese Leaders

http://dealbook.nytimes.com/2014/07/20/alibabas-i-p-o-could-be-a-bonanza-for-the-scions-of-chinese-leaders/

2 comments

"What Alibaba did not detail was the deep political connections of the investment firms, Boyu Capital, Citic Capital Holdings and CDB Capital, the China Development Bank’s private investment arm. Their senior executive ranks included sons or grandsons of the most powerful members of the ruling Communist Party, according to an analysis by The New York Times."

All done through an intricate series of shell companies.

You didn't think you were going to be able to compete fairly in China, did you?

zmh12년 전

This comment by Pat Saison on that page was so funny: "Alibaba and the 40 Thieves. It is even in the name..."