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September 17, 2014

History stacked against Alibaba investors

  • The track record for Chinese stocks doesn't inspire confidence. Returns have been depressed by allegations of corporate fraud, questionable accounting and maddening government rules.
    • By PAUL WISEMAN
    AP Business Writers

    WASHINGTON — American investors are clamoring to buy a stake in Chinese e-commerce giant Alibaba, which is launching what may prove the biggest initial public stock offering ever.

    But history is stacked against them.


     
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