“Alibaba and its two giant Chinese Internet rivals – search engine Baidu and gaming / messaging firm Tencent – a trio known as BAT, are pouring money into all manner of firms at every stage from seed to late rounds. Since 2012 we count more than 50 investments totaling $2.3 billion. In the past 18 months alone Alibaba has plowed more than $1 billion into just ten U.S. firms. Many of the investments are bizarre on the surface, smacking of dumb money rushing in late in the cycle and driving up valuations for everyone. Why would an e-commerce giant spend tens of millions of dollars on a startup that’s outside of its core business, and country? In a word: smartphones.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Massive Kenya water discovery will transform drought-prone ‘cradle of mankind’
Ecuador seeks to extend libel penalties to cover social media
WTC memorial magnificent, but at a steep price
New £150million F-35 combat jet is banned from flying in bad weather because it could explode
US security chief calls national debt 'a dire threat'
Bloomberg’s Public Housing Fingerprinting Idea Stuns, Infuriates Residents
FBI increases surveillance of Syrians in U.S.
John Kerry says North Korea conditions for talks ‘unacceptable’
Angry Bart Takes His Parting Shot
New York Banking Regulator Subpoenas Two Dozen Bitcoin Companies
In this London pub, drink prices rise and fall like stocks
US ramps up Iraq air strikes in support of Kurdish attack on key dam
Can Jeff Bezos, Warren Buffett and Jamie Dimon fix health care?
Amnesty calls on U.S. to explain its ‘license to kill’ with drones
‘Catch Me If You Can’-inspired Italian man impersonates airline pilot