The Traderszone Network

Published in TZ Latest News 4 June, 2015 by The TZ Newswire Staff

Disenchanted Chinese tech companies plot escape from New York

Chinese tech firms have fallen out of love with America, and it shows – a growing number of them are looking to drop their listings in New York and head back home. Many Chinese tech executives are betting on higher share valuations in China where stock markets have recently caught fire. Last year, the $25 billion IPO of e-commerce giant Alibaba – the world’s largest initial public offering ever – generated more than $300 million in fees.