Reginal Thomas
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Alibaba Chooses NYSE To List Its Stock

Alibaba Group Holding Ltd, the Chinese e-commerce giant, has chosen to be listed on the New York Stock Exchange. Alibaba which handles 80% of online retail transactions in China, will be listed under the symbol "BABA". Securing the Alibaba listing is a big victory for the New York Stock Exchange. The company is expected to issue it's IPO sometime this summer and it could possibly be the largest U.S. tech history.