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Chinese retailer valued at over $25bn

The IPO for web retailer JD.com, hoping to become China’s answer to Amazon, was priced at 19 dollars per share. This values the company somewhere in the region of 26 billion dollars. http://dealbook.nytimes.com/2014/05/21/jd-com-a-chinese-e-commerce-retailer-raises-nearly-1-8-billion-in-i-p-o/?emc=edit_th_20140522&nl=todaysheadlines&nlid=68163943

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