Why the country's tech firms are flocking to U.S. Exchanges
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The “Amazon of China” will soon be a publicly traded company–but not in its home country. JD.com, an online retailer with more than $16 billion in annual sales, is planning to debut this year on a major American stock exchange. It’s one of as many as 30 Chinese firms expected to make the move in 2014, up from eight last year.
For U.S. investors, it’s all about growth potential. Most of the reported initial public offerings are for Internet companies, which are positioned to profit from China’s booming online population (on track to rise to 800 million from 600 million over the next year, according to Chinese-government estimates).