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Alibaba taps rural China to bounce back

Thursday, August 13, 2015 - 05:50
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Mr Ma plans to build a delivery network in 100,000 villages which make up 10% of its online business

Hong Kong

IT took less than a year for Alibaba Group Holding Ltd to turn from a stock market darling into the biggest source of shareholder losses worldwide.

Now, China's biggest e-commerce operator is plotting its comeback. This week's purchase of a stake in Suning Commerce Group