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Chinese Firms Are Leaving the U.S. to Relist Back Home

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Chinese companies are pulling out of the U.S. stock market at a record pace.

Twelve Chinese firms traded in the U.S. have received bids this year totaling $10.6 billion to delist their shares, according to data compiled by Bloomberg. Renren Inc., the $2.2 billion social-networking site, and 21Vianet Group Inc., a Beijing-based operator of data centers, on Wednesday became the latest companies to say they received offers to go private.