Last October, former CEO of Alibaba.com, David Wei, visited the Beijing University of Posts and Telecommunications.
Wei is no longer with Alibaba.com. He either fell on his sword or was thrown aside earlier last Winter amid charges against Alibaba.com that certain vendors on the site were engaging in fraud.
Yet, last Fall, Wei spoke very openly about his estimates on the value of the private Alibaba Group at that time.
As mentioned in this Chinese news story at the time, Wei estimated that the entire Alibaba Group was worth $50 billion at the time — higher than Tencent’s $43.9 billion market cap at the time and Baidu’s (BIDU) $34 billion.
At that valuation, Yahoo!’s 40% stake has a value of $20 billion.
Keep in mind, Dan Loeb just said in his letter to Yahoo!’s board that he thought all of Alibaba Group was worth $25 billion.
Apparently you don't know how to follow the topic of a thread. Alibaba Group is worth over $50 billion and that has scared you into making stupid posts. Start your own thread if you want to talk about Alibaba.com. You and your alises can bore everyone to death.
Apparently I upset you by posting that Alibaba stock is DOWN more than 30% over the last year!
If that Upsets you, grow some and deal with it. I haven't the time or the energy for wussies.
Again, I will keep trying to educate you as my time permits.
No one cares about what you want to make up. This is about Alibaba Group. It is a goldmine that scares shorts like you. If you can't stay on the subject start a new thread that no one will post in.
Ummm, I'm not confusing anything. My post was regarding alibaba. I never mentioned the word "group".
I'll repost below, as you apparently are having difficulty with reading, or reading comprehension, or both.
"What are you talking about?? Alibaba stock is DOWN for the Year. I think it's DOWN more than 30%!
Try to educate yourself."
Again, please get some education. I will correct you as I have time, but I'm very busy!
Former CEO of Alibaba.com, David Wei has never been an Alibaba Group insider; he just worked for a company Alibaba Group owns a part in. Before being fired as CEO of Alibaba.com he did say that Alibaba Group is worth $50 billion and that Yahoo is close to bankruptcy. As a common outsider formerly working for a company that both Alibaba Group and Yahoo have owned a part of he knows only as much as is publicly available about those companies. David Wei, former CEO of Alibaba.com has no more information on Alibaba Group or Yahoo than goingbravo or you.