Alibaba opts for IPO in US
By He Wei in Shanghai | China Daily | Updated: 2014-03-17 07:53
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.
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