Short answer: Yes. It will have to earn a valuation by similar means because the rest of the China internet economy will converge on a global model (Which might be a little different from a US model, but probably fairly close).
This isn't investment advice. "The market can stay irrational longer than you can stay solvent."
It's Chinese owned, but incorporated in the Caymen Islands.
Chinese law prohibits foreign ownership. Investors will own
a Chinese company in the Caymen Islands; This all might be
illegial under Chinese Law? The BOD's consisted of Jack and
eight other insiders. The site is loaded with counterfit products, and they spam like it was 1999.
In other words, it's a lot like U.S. corporations.(at least
with money somehow ending up in the Caymen Islands!) P.S. on the upside, if they can keep shipping low, weed out the blatent counterfiters--Jeff's company has some competition,
for awhile? Personally, I've been tempted to buy, but lose
my nerve.
This company will not be listed with S & P 500, while U.S.
investors are allowed to invest in it? It's confusing--I'm
still wondering why NQ mobile is still on the exchanges?
On another note, I'll be glad when interest rates go up; so
my measly CD will start making a little interest. No, I
don't invest. I
just keep my rainy day fund in a CD. I
just can't take the risk of loosing money that hard earned
money. I'm not proud of my lack of investing over the years.
4 comments
[ 3.0 ms ] story [ 16.8 ms ] threadThe blog never answered the question that it was meant to answer.
Ultimately the only evidence it was trying to draw was from Asian stereotypes.
Quote:
This isn't investment advice. "The market can stay irrational longer than you can stay solvent."
In other words, it's a lot like U.S. corporations.(at least with money somehow ending up in the Caymen Islands!) P.S. on the upside, if they can keep shipping low, weed out the blatent counterfiters--Jeff's company has some competition, for awhile? Personally, I've been tempted to buy, but lose my nerve.
This company will not be listed with S & P 500, while U.S. investors are allowed to invest in it? It's confusing--I'm still wondering why NQ mobile is still on the exchanges? On another note, I'll be glad when interest rates go up; so my measly CD will start making a little interest. No, I don't invest. I just keep my rainy day fund in a CD. I just can't take the risk of loosing money that hard earned money. I'm not proud of my lack of investing over the years.