Fox Business: Alibaba Discloses Stakes in Company and Denies Princelings Influence
July 22, 2014
Rapid Ratings assigned Alibaba a Financial Health Rating (FHR) of 75 out of 100 in mid-June after evaluating its public filings and company information. “Consider that the closer the ties to the Chinese government, the more vested the interests are in China to see the Alibaba IPO be successful and their stock be seen as a bellwether for Chinese technology prowess,” said Rapid Ratings CEO James H. Gellert. “The vested parties will likely do all they can to ensure a successful deal, which likely bodes well for the non-Chinese institutions considering investing.”