Alibaba Not Eligible for S&P 500, S&P Says Citing China Domicile
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If anyone was wondering if Alibaba Group Holding Ltd. was going into the Standard & Poor’s 500 Index, the answer is no.
“Alibaba is not eligible to be on the S&P 500 because it is not a U.S. company,” according to a statement from David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices.