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Chinese Web Firms Postpone U.S. IPOs, Cite Weak Market

Thursday, July 21, 2011 | More »

Two Chinese Internet firms have postponed their U.S. fundraising plans as investor appetite for risk waned after a series of accounting scandals tarnished the reputation of overseas listed ChineseĀ stocks. Chinese online video firm Xunlei said on Thursday it had decided to postpone its initial publi...