Alibaba’s long road home

Alibaba’s decision to list in the US appears to be a loss for China. But there is a possible ‘face saving’ resolution that could yet see the online retail giant make its homecoming.

With the first ‘public filing’ of Alibaba’s prospectus with the US Securities Exchange Commission overnight, Alibaba’s choice of the US as its IPO venue has been formally confirmed. Foreshadowed in preceding months, its choice of the US over Hong Kong is no surprise.

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