Alibaba split into 6
https://www.reuters.com/markets/deals/alibaba-splits-into-six-units-that-may-pursue-individual-ipos-bloomberg-news-2023-03-28/ Thoughts ? I think it's a good move, as I might put my money on ali cloud. I want the same thing for Amazon, then I would buy some AWS.
China’s Alibaba to break up empire into six units as Jack Ma returns home
Reuters
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Hpwb77 Mar 28, 2023Free competition. Antitrust. Support 👍
Google nrvX43 Mar 28, 2023
Lol this ain’t cuz Jack is some business genius. This comes down from high up as a way of diluting the company’s and his power
Old Munger going to prove the world once again why is one of the GOAT investors. Either that or he's dead before BABA goes back up.
I almost forgot that. Munger didn't sell ?
Only sold half to my knowledge and then bought Tencent afterwards instead, no?