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PBS News Hour
Alibaba’s American IPO signals confidence in Chinese economy
With 10 minutes of its rollout on the New York Stock Exchange, Chinese e-commerce company Alibaba sold 100 million shares and earned $25 billion. Though not a household name in the U.S., it’s extremely popular in China and enjoys close ties to the Chinese government. David Kirkpatrick of Techonomy joins Hari Sreenivasan to analyze what shareholders invested in today.
