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Chinese e-commerce group Alibaba files for IPO in the US


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Often described as the ‘Chinese Amazon’, the filing for e-commerce firm Alibaba’s IPO might persuade a few more people to start describing Amazon as the US Alibaba. The document sets out the company’s stats: 231m annual active buyers making an average of 49 orders a year; $248bn of annual sales value on its marketplaces in...

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