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Alibaba's Joseph Tsai joins Momo board, reviving buyout wagers

Bringing Mr Tsai on board is seen as a positive sign that Momo may get capital from Alibaba

New York

MOMO Inc surged after naming Alibaba Group Holding's vice-chairman to its board, stoking speculation that the Chinese maker of a dating app may be able to complete a management-led buyout with help from the country's biggest online retailer.

The American Depositary...