Tuesday 12 July 2016

China Alibaba Investment in Singpost & Lazada


Well now you know why these 2 companies are doing badly. China.

Singpost & Lazada (I almost typed Laxative). I just finished reading a complaint by a buyer about Lazada that uses TaQBin.  Below quote is from Todayonline June 2, 2016.


Alibaba is also a strategic investor in Singapore postal and logistics services firm SingPost and recently also bought over Lazada, a growing e-commerce platform in South-east Asia.
 “We believe Alibaba is a very, very solid business,” said Mr Arora, pointing at SoftBank’s 28 per cent shareholding in Alibaba after the stake sale.

Very, very solid business. Frankly, I don't think anything is solid, let alone "very, very"  solid.

http://www.todayonline.com/business/singapore-buys-us1b-alibaba-stock-softbank-sale



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