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Alibaba boosts its stake in online retailer Zulily to 9.3%

Monday, May 11, 2015 - 05:50

Alibaba chairman, Jack Ma, has set a goal of getting 50 per cent of sales from outside China.

New York

ALIBABA Group Holding, China's biggest e-commerce company that held its initial public offering last year, bought US$56.2 million of stock in US online retailer Zulily Inc last week, according to a regulatory filing.

The purchases brought Alibaba's holdings of Seattle-

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