Actually, you can put all the west coast high tech companies under the heading of having complete contempt for their shareholders and not returning money. Microsoft waited twenty years before paying a miserable dividend despit piling up the cash. On the other hand, it wasted billions in share buybacks, the only purpose of which was to camouflage how much they were diluting normal shareholders through options to staff.
The chinese just learnt from them. In this case, if the ceo really owns 80% of the company, it would put money in his pocket without having to steal it.
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