|Alibaba Deals a Blow to Hong Kong Stock Exchange|
China's biggest e-commerce company, Alibaba, is expected to hold one of the year's biggest stock offerings - but it won't be in Asia. The company now plans to list in New York instead of Hong Kong after talks reportedly broke down with the city's stock exchange and regulators. Some analysts estimate that the IPO could be as large as $70bn.
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Published on our website on September 29, 2013