Alibaba who? JD.com launches largest China tech US IPO
Online retailer JD.com is setting its sights on a $1.7bn Nasdaq listing having started receiving bids for the largest US flotation yet of a Chinese tech firm on May 12. The timing of JD.com’s deal comes hot on the heels of the much publicised IPO application by rival Alibaba, but bankers on the trade have dismissed it as nothing but a coincidence.
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