China to use cornerstones to help Alibaba, Xiaomi list in mainland: sources
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May 25, 2018This post was originally published on this site
HONG KONG/BEIJING (Reuters) – China plans to use cornerstone investors to help its overseas-listed tech giants such as Alibaba and Xiaomi [IPO-XMGP.HK] to sell shares at home, on worries the size of the deals could overwhelm mainland markets, three sources said.