Wednesday, 5 October 2011
Biggest Internet IPO in U.S. History Planned by Chinese Firm
A Chinese retailer nicknamed "the Asian Amazon.com" plans a $5 billion initial public offering in the U.S. -- while American firms like Facebook and Groupon have delayed or dropped plans to go public.It could be a big risk, as many industry analysts believe the recent dotcom bubble is over. But it's easier, for a number of reasons, for a tech firm to go public in China than in the U.S. these days.360Buy.com, owned by Beijing Jingdong Century Trading Co., sells cameras, cell phones, computers
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