Apple has more than $30 billion in cash and securities, but rarely makes acquisitions.

Apple sits on more than $30 billion in cash and securities, but rarely makes acquisitions.

Moreover, the important figure for regulators is probably even lower, since Anbang often partners with other investors when it makes acquisitions.

Over the next three to four years there is no leadership question unless Magnit makes acquisitions, said Prosperity Capital Management director Alexei Krivoshapko.