facebookWhere do most of you buy ALIBABA stock? - Seedly

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melody

01 Apr 2021

βˆ™

General Investing

Where do most of you buy ALIBABA stock?

Thinking to buy from hong kong exchange directly but the minimum lot is 100, wont this deter ppl to buy from HKEX?

is there any implication to BABA being ADR on NYSE?

Discussion (3)

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Hello,

you should buy direct from HKEX if you want to invest in ALIBABA

not many people know this

but HKG: 9988 is the actual company

Buying BABA on NYSE is not a actual ownership for ALIBABA

they own a so-called variable interest entity (VIE) that has a contractual right to the profits of Alibaba Group.

I have seen the other threads about alibaba on seedly and i can tell you even the grandmaster level member is wrong.

you can do your own research by actually reading BABA prospectus.

TL:DR buy HKG:9988 with internet only brokers

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Moomoo Trading

Tiger Brokers​​​

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