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Alibaba pays the price for US IPO as Tencent stock soars on Shanghai-HK link
Published Wed, Apr 15, 2015 · 09:50 PM
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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 per cent this year through the Wednesday trading break, adding US$54 billion in market value, as an exchange l…
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