In China, pretty much everyone buys pretty much everything from the online site Alibaba. Last week, the company came to the United States, getting listed on the New York Stock Exchange, where it raised over $21 billion, becoming the second-biggest IPO in history. Alibaba has a market capitalization of nearly $220 billion, making it bigger than Facebook, eBay, Disney, and Amazon. There are plans to open operations in the United States.
But there might be some dangers in investing in a company that is under the thumb of a government that does not believe in capitalism or private property. [Read more…]