Alibaba Group Buys 5.6% Of Groupon

Alibaba Group Holding Ltd. bought 33 million shares of Groupon Inc., becoming the fourth-largest shareholder in the U.S. group buying site with a 5.6% stake, according to a disclosure document. Previously, the Chinese Internet giant acquired stakes in e-commerce start-up Inc., augmented-reality provider Magic Leap Inc. and car-booking company Lyft Inc, all based in […]

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Read the original article: China Money Network