“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:
U.S. officials say global terror threat is 'very specific'
Family of man executed in Ohio using untested procedure plans suit
Georgia prepares to execute mentally disabled prisoner under secrecy law
San Francisco requires licensing, insurance for dog walkers
Chinese yuan dominates global bitcoin trade
Putin offers French actor Gerard Depardieu Russian passport following tax controversy
Economists warn Cyprus will face a recession ‘for decades’ after EU deposit tax
Gold purchases surge in China as prices slump
100 Bitcoin ATMs will arrive in Spain in the next three months
Glenn Greenwald and other NSA critics to testify before Congress
Cops lock down Bronx elementary school after gun rumor sparked by talk about toy
A new, dangerous job in Mogadishu: tax collector
A Day in the Life of Cameron and Tyler Winklevoss
Locally-grown, organic: LA’s first ever pot farmer’s market a hit
Brewer says his just-add-water beer mix tastes 'just as good' as the original