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Fears of Wall Street delisting drive Chinese companies to Plan B

Baidu weighs leaving Nasdaq, while NetEase applies for Hong Kong listing

Alibaba Group Holding has carried out a secondary listing in Hong Kong, while JD.com has applied for one and Baidu is exploring a similar approach.

NEW YORK/HONG KONG -- China's biggest tech players are reaching for contingency plans for raising capital on the heels of the U.S. Senate passing legislation that could oust them from the New York exchanges.

A common pillar of those contingency plans is to pursue dual listing closer to home, primarily in Hong Kong, as trading on Wall Street shows heightened political risks.

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