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China shows strength against Wall Street

2020-10-26T22:59:46.809Z


After having succeeded in dominating world trade and taking its place in advanced technologies, China now wants to take its place in global finance.


Another time, other customs.

In August 2005, Baidu, the Chinese search engine inaugurated the long list of Chinese companies making their IPO in the United States.

At the time, there was a marriage of convenience between Chinese groups seeking capital in the world's largest market and American investors fascinated by the growth of these technology companies.

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The year 2014 marked the acme of this idyll.

That year, Alibaba, the e-commerce platform founded by Jack Ma, raised $ 25 billion on the Nasdaq, joining its competitor JD.Com which had entered the US market a few months earlier.

The last major Chinese flagship to sample the charms of the Nasdaq was Tencent Music Group, the music streaming subsidiary of Tencent Holding (listed in Hong Kong) which completed an IPO in December 2018.

But, since May 2019, and the outbreak of the Sino-US trade war, the winds have turned.

By registering the equipment manufacturer

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Source: lefigaro

All news articles on 2020-10-26

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