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Buffett has been vocal about not investing in Amazon, which has become a financial juggernaut with a stock sitting close to ,000 per share. In 2017, he had a one-word answer for why he didn’t invest in Amazon in the early days: “stupidity.”
But China also exports plenty of fish, a wide variety of which now could face the tariff. Live lobsters, crabmeat, shrimp, prawns, oysters, scallops, tilapia, mussels and clams — a lot of the good stuff prominent on Chinese restaurant menus — could become more costly.
Bringing benefits to the society has proved to be a fruitful exercise for the company. Its financial reports show a revenue of more than 184 million yuan in the first quarter of this year, up 28 percent year-on-year.
Both the Guazi spokeswoman and the Vision Fund declined to comment on the investment.
Brown himself had participated in the previous two summits.