i'm almost 99% convinced that the public listing of ali baba in the new york stock exchange at the time, which was the largest listing ever, was just employed to get money out of china for the chinese communist party. If you are a millionaire or millionaire china, you can't just take a hundred million dollars out of the country rate. It's because China has full control over the economic monetary system. A very popular way, its called its over envoicing. So if you're a millionaire industrialist and you want to get a hundred million Dollars out of chINA, that's what you do. This is how Ali baba works. Thiss,

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode