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Chinese and American flags fly over signs of Alibaba Group Holding on the facade of the New York Stock Exchange before the company's record-breaking initial public offering in September 2014. © Reuters
NEW YORK -- One cloudy September morning in 2014, the New York Stock Exchange building was draped in orange and white as the Chinese and American flags flew side by side, with then-Alibaba Group Holding Executive Chairman Jack Ma inside on the day of the largest initial public offering ever on a U.S. stock market.