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Replies to post #6081 on Alibaba Group Holding Ltd (BABA)
UpTickMeA$AP
10/11/19 4:33 PM
#6082 RE: stockfan100 #6081
Though BABA’s headquarters are in Hangzhou, China, the company is a Cayman Islands-based Variable Interest Entity (VIE). Foreign investors can’t buy stock directly in either the VIE or BABA’s operating company. Instead, they invest in what is known as a Wholly Foreign Owned Entity (WFOE) that provides capital through a loan to the VIE.