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Get ready for a lot of extreme sports videos from Tiananmen Square and the Great Wall of China. Action camera maker GoPro (GPRO) will enter China later this month through Chinese online retailer Alibaba (BABA), Brightwire reporter Ding Chenjie said in a post Wednesday on Twitter. The news brings together two of the hottest IPOs in recent times. GoPro went public on June 26 at 24 and now trades near 79. Alibaba went public on Sept. 19 at 68 and and trades near 109. In the third quarter, GoPro generated 73.2% of its sales in the Americas region. Its second largest market is the Europe, Middle East and Africa region, with 18.2% of Q3 sales. The Asia Pacific region generated the remaining 8.6% of sales in the September quarter. On a conference call with analysts on Oct. 30, GoPro CEO Nicholas Woodman said, “We look at Europe and APAC… Scalper1 News
Scalper1 News