Google to invest $10 billion in India

Jul 13, 2020 7 Comments

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TOP 7 Comments
  • Amazon
    MQ89

    Go to company page Amazon

    MQ89
    Chinese economy is 5x greater than India, but the richest man in India is richer than richest man in China. This is why people want and should invest in China rather than India because assets with the same quality there are much cheaper.

    For instance, Sinopec is 3~4x larger than Reliance industries. But Reliance is bigger than Sinopec in terms of market cap. Because everyone in the west have the wishful thinking that India is the next China but India is not. China has three Sinopec competing each other while India has only Reliance, but still, Sinopec is 3~4x larger.
    Jul 16, 2020 4
    • Amazon
      MQ89

      Go to company page Amazon

      MQ89
      And China has CNOOC Ltd and PetroChina. CNOOC Ltd has 30 billions revenue, PetroChina has 350 billions revenue. Petro China and CNOOC have small/zero Refinery business, so they are less comparable to Reliance.
      Jul 16, 2020
    • Amazon
      MQ89

      Go to company page Amazon

      MQ89
      and reliance has India’s largest cell phone carrier business too, China Mobile has revenue of 100 billions dollars. It’s market cap is also smaller than Reliance. Before India got rich, India’s rich people got rich which shows they own too much bargaining power in Indian economy. If India one day becomes China’s size today, the richest man in India will be a trillionaire. But that doesn’t make sense.

      Just think of this, the cost for Google to earn a market the same size of US or China is to make India’s richest man much richer than Larry Page. Would you like the deal if you were Larry Page?
      Jul 16, 2020
  • Amazon / Eng
    ILU3000

    Go to company page Amazon Eng

    ILU3000
    The lowballing in India stops ?
    Jul 13, 2020 0
  • Time to move back to India
    Jul 13, 2020 0