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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?
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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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