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Open sesame: Bankers tout Hong Kong listing after Alibaba success

US-listed Chinese companies worth almost $400bn being courted

HONG KONG -- After Alibaba Group Holding's sellout secondary listing in Hong Kong, bankers are wooing other U.S.-listed Chinese companies with a combined market capitalization of almost $400 billion to follow suit.

Bankers especially are pitching Hong Kong to fast-growing technology companies that have high brand recognition among Chinese investors, with Nasdaq-listed e-retailer and internet search company Baidu at the top of their list.

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