China to use cornerstones to help Alibaba, Xiaomi list in mainland: sources

China to use cornerstones to help Alibaba, Xiaomi list in mainland: sources

6 years ago
Anonymous $CLwNLde341

https://www.reuters.com/article/us-china-cdr/china-to-use-cornerstones-to-help-alibaba-xiaomi-list-in-mainland-sources-idUSKCN1IQ10R

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.