fun facts

You don’t actually own Alibaba stock

You might expect that buying BABA in your brokerage account means you own stock of the Chinese e-commerce giant. But, alas, you don’t. China restricts foreign ownership of its companies. So, instead you own a synthetic security that depends entirely […]

retail therapy

Chinese shopping app falls for American bargains

Imagine a mobile QVC broadcast from foreign (US in this case) retail stores. “Live-stream shopping is captivating China, and one app lets viewers take part in the scramble for discounts in U.S. stores; ‘How is this possible? Why isn’t all […]