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Alibaba Spends $4.6B To Acquire 20% Stake In Suning

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The Chinese e-commerce giant, Alibaba has reportedly bought a 20% stake in Chinese consumer electronic retail giant, Suning for $4.6 billion so that it can maintain its dominance in the e-commerce sector and this will help it to eliminate competition. Check also: Microsoft to invest 100 million in uber technologies By acquiring 20% stake in Suning, Alibaba first saw Suning ...

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