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China's Alibaba may be valued at $200 bn for US listing

Vindu Goel Michael J De La Merced & Neil Gough 

The Chinese e-commerce behemoth Alibaba Group filed paperwork on Tuesday in the United States to sell stock to the public for the first time, in an embrace of the global capital markets that represents a coming-of-age for China's booming internet industry. "Alibaba is the fastest-growing internet company in one of the fastest-growing economies in the world," said Sameet Sinha, an analyst with B Riley & Company, a boutique investment bank in Los Angeles. "They are like an Amazon, an eBay and a PayPal." In the filing, Alibaba said it intended to raise $1 ...

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First Published: Thu, May 08 2014. 00:57 IST