Alibaba…And The 40 Thieves? Hard Questions About The Chinese Internet Giant’s Planned I.P.O.

 
ALIBABA…AND THE 40 THIEVES?
HARD QUESTIONS ABOUT THE CHINESE INTERNET GIANT’S PLANNED I.P.O.
 
Experts to Discuss Threats to Investors, Privacy and National Security
 
Washington, D.C.:  Against the backdrop of press reports indicating that an imminent initial public offering by the giant Chinese Internet provider Alibaba is receiving kid-glove treatment by U.S. government securities regulators – and a complete pass by those responsible for national security, the Center for Security Policy will convene a panel discussion to illuminate concerns about this transaction that demand close scrutiny.
Alibaba’s proposal is expected to raise over $20 billion through the New York Stock Exchange, making it the largest initial public stock offering in U.S. history.  The appetite for the financial windfall such a transaction will make possible has apparently induced official willful blindness to what a recent staff study by the U.S. China Economic and Security Review Commission concluded was an IPO that poses “major risks” for investors.
On Tuesday, 15 July, the Center will host a luncheon symposium at the National Press Club aimed at exposing the various risks for Americans associated with the Alibaba IPO with respect to: their investment in the company; the privacy rights and proprietary information of users of Alibaba’s services; and the national security.
A panel of experts will address among other issues: Chinese intelligence operations; economic warfare; cyber espionage and other penetrations of the U.S. internet space; problems with the Alibaba IPO for U.S. securities law and procedures; and other topics bearing on U.S. national security.
WHO:
  • Frank Gaffney, President and CEO of the Center for Security Policy, Moderator
  • Michelle Van Cleave, Former U.S. National Counter-Intelligence Executive
  • Kevin Freeman, Chartered Financial Analyst and Founder, National Security Investment Counselor Institute and author of Secret Weapon: How Economic Terrorism Brought Down the U.S. Stock Market and Why It can Happen Again and Game Plan: How to Protect Yourself from the Coming Cyber Economic Attack
  • Fred Fleitz, Career CIA Analyst and former Professional Staff Member, House Intelligence Committee
  • David Yerushalmi, Securities litigator and Co-founder and Senior Counsel of the American Freedom Law Center
WHERE:
National Press Club
Murrow Room
529 14th St NW, 13th Floor
Washington, D.C.
WHEN:
Tuesday, July 15, 2014, 12:00-1:30 pm
For more information contact:
Jordi Chervitz
202-719-2405
Center for Security Policy

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