Velshi, and this is real money. This is real money. You are the most important part of the show. Tell me what is on your mind by tweeting at ali velshi. So many of you have been. I appreciate that. With the ipo, i considered changing my name officially to alibaba. The giant chinese ecommerce and its ceo pulled off something that 88 million americans had never heard of. Antoday it took the New York Stock Exchange two and a half hours to process all the trade orders for the stock. When trading fine ligand alibaba opened at 92. 70 up 30 from the initial price set of 68. By days end, 267 million shares had traded hands and the stock closed at 93, and its larger than amazon and ebay combined. And jack mas stake in the company is worth 18 billion. What about the restitution o ofwhat about the rest of us. The odds are we didnt get the 68 ipo price. If you got it, you probably got in even higher. Usually Retail Investors get 10 or so where the majority of stock goes to Company Insiders and inv
While many Asian countries are expected to see moderate to strong growth, China can be a notable exception as weak consumption, lower industrial production and distress in property markets weigh on a rebound in 2024