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Is Buying Alibaba Stock a Gift to Chinese Hackers?
In all the excitement over the Alibaba Group Holdings Ltd. (NYSE: BABA) IPO, there are some investors who are saying no to buying Alibaba stock - all because of where it does business. They think that Alibaba has to be working with the Chinese government, which is thought to be hacking into U.S. businesses on an enormous scale.
However, as Money Morning Chief Investment Strategist Keith Fitz-Gerald points out, passing on a company like Alibaba comes with a cost to your portfolio.
In all the excitement over the Alibaba Group Holdings Ltd. (NYSE: BABA) IPO, there are some investors who are saying no to buying Alibaba stock - all because of where it does business. They think that Alibaba has to be working with the Chinese government, which is thought to be hacking into U.S. businesses on an enormous scale.
However, as Money Morning Chief Investment Strategist Keith Fitz-Gerald points out, passing on a company like Alibaba comes with a cost to your portfolio.