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Alibaba's hot deals leave investors cold

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Mr Joe Tsai during an interview with Reuters in Hangzhou, Zhejiang province last week. He painted the acquisitions strategy as a coordinated game of chess.

Beijing

A YEAR since it went public in the biggest stock listing ever, China's Alibaba Group Holding has spent more than US$6 billion on everything from an electronics store chain to a robot maker. As shares hover below their debut price, investors in the e-commerce giant wonder just when...

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