Alibaba's subsidiary has established a new subsidiary to take over 2% of the shares of Foolish Virtue, which was previously owned by the wife of that female celebrity. Foolish Virtue's stock has only increased from 26,000 to 27,000 Korean won so far. Is this a positive sign? You can tell by looking at the stock—there's hardly any increase. Moreover, the new subsidiary of Alibaba's subsidiary and these two companies cannot be linked to Alibaba. Alibaba has dozens of well-known subsidiaries, and there are probably hundreds of lesser-known companies whose connections are hard to find.
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Alibaba's subsidiary has established a new subsidiary to take over 2% of the shares of Foolish Virtue, which was previously owned by the wife of that female celebrity. Foolish Virtue's stock has only increased from 26,000 to 27,000 Korean won so far. Is this a positive sign? You can tell by looking at the stock—there's hardly any increase. Moreover, the new subsidiary of Alibaba's subsidiary and these two companies cannot be linked to Alibaba. Alibaba has dozens of well-known subsidiaries, and there are probably hundreds of lesser-known companies whose connections are hard to find.