Retail site (NasdaqGS: JD) raised $1.78 billion in May while social media firm Weibo (NasdaqGS: WB) raised $285.6 million in April, according to Bloomberg. Shares of Weibo are up almost 7% in the past month while has surged 36% since its May 22nd IPO. Beauty products retailer Jumei International (NYSE: JMEI) is up 65 since its May 16th IPO. [China Internet ETF Rebounds Before Alibaba IPO]

Alibaba must still pick an exchange for its U.S. listing. Fox Business previously reported “Nasdaq chief Bob Greifeld and New York Stock Exchange chief Duncan Niederauer met with Alibaba officials late last month in a last-minute push to win the coveted assignment,” according to the piece by Gasparino and VerHage.

As ETF Trends was the first to report, NASDAQ OMX could have an advantage in landing the Alibaba IPO. With Alibaba opting for a U.S. listing, the only avenue investors on China’s mainland will have to access the stock is through a product such as the PowerShares QQQ (NasdaqGM: QQQ), which allows for the inclusion of foreign companies. The S&P 500 does not include foreign firms. [Nasdaq has Advantages in Landing Alibaba IPO]

There is a China-listed equivalent of QQQ. If Alibaba lists in the U.S. and on the Nasdaq, the only way investors in mainland China will be able to access the stock is through Guotai NASDAQ-100 Exchange Traded Fund, which launched last year on the Shanghai Stock Exchange. [New ETF Gives Chinese Investors Access to NASDAQ-100]

KraneShares CSI China Internet Fund