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Alibaba pays the price for US IPO as Tencent stock soars on Shanghai-HK link

Thursday, April 16, 2015 - 05:50

Hong Kong

ALIBABA Group Holding Ltd spurned Hong Kong for an initial public offering after failing to get the management control it wanted. Now the company is missing out on billions of dollars flowing from mainland Chinese investors.

Hong Kong-listed Tencent Holdings Ltd surged 40