Alibaba invested 30.8 billion yuan in Suning and lost 26.7 billion yuan. Suning invested in Alibaba and earned 14 billion yuan. Investing in Evergrande resulted in a loss of 20 billion yuan. Investments in other companies lost tens of billions of yuan, which is relatively small. If Suning had held onto Alibaba stock all along, it would still be profitable today. If they had sold Alibaba shares and switched to Tencent, they would have made a huge profit.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin