Chinese e-commerce giant Alibaba says has started plan for U.S. IPO

HONG KONG, March 16 Sun Mar 16, 2014 3:00am EDT

HONG KONG, March 16 (Reuters) - Chinese e-commerce company Alibaba Group Holding Ltd said on Sunday it has decided to begin the process for an initial public offering in the United States.

Alibaba also said in a statement on its corporate news Web site it might consider extending its public status to Chinese capital markets in future in order for local investors to be able to share in its growth.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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