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Alibaba Invests In Suning

Alibaba has invested around $4.63 billion dollars in brick and mortar retailer Suning, an offline rival to its business, giving them a 19.9% stake in the retailer that is one of China’s biggest electronics sellers. Suning will also be spending about $2.28 billion to buy a 1.1% stake in Alibaba. #20150810TC #TC201533 #tech


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