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Alibaba opts for IPO in US

Updated: 2014-03-17 07:53
By He Wei in Shanghai ( China Daily)

Move continues wave of Chinese companies looking to list overseas

Internet giant Alibaba Group's decision to seek a listing in the United States will help rekindle global investors' confidence in Chinese companies, experts said.

China's top e-commerce company confirmed on Sunday that it would start the long-anticipated initial public offering procedure.

Alibaba opts for IPO in US

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