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Business trends

Brushing off trade war, Chinese startups flock to US for IPOs

Number of listings to double from last year as bull run continues

Pinduoduo, China's third-largest e-commerce company, raked in $1.6 billion from its Nasdaq debut last month.   © Reuters

NEW YORK -- U.S. stock listings by Chinese companies are recovering quickly despite bilateral trade frictions, as tech startups flee the foundering mainland and Hong Kong markets for better fundraising options.

Mainland Chinese companies raised $5.9 billion through initial public offerings this year through Aug. 17, more than the $3.8 billion raised in all of 2017, data from Dealogic shows. This will be the biggest year for Chinese IPOs in the U.S. since 2014, when Alibaba Group Holding made its New York debut.

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