Ali Baba has entered the cave!


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Alibaba has entered the cave (New York Stock Exchange) and found the treasure ! $ 22 bn in a day…
Alibaba the Chinese ecommerce firm notorious for selling fake Rolex watches and all sorts of substandard goods has caused waves in the Newyork stock market. The price jump today from $68 to ~$96 a share is unfortunately not something your average Joe investor can tap into. Its founder Jack Ma has made history by netting $22 bn in one day…Now the firm is worth $230 bn more than Facebook. Alibaba plans to sell 123 million of those shares itself. Founder Jack Ma is selling 12.75 million shares worth $867 million. That doesn’t sound good at all..There is a very good reason why he was refused a listing on the HK stock market

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