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Alibaba's Groupon Stake Is Passive, But Chinese Giant Willing To 'Exchange Experiences' With Chicago-Based Company
Tuesday, February 16, 2016 - 4:05pm | 266Alibaba Group Holding Ltd (NYSE: BABA) shares are up 9 percent on Tuesday, while Groupon Inc (NASDAQ: GRPN) is up 40 percent after the former unveiled a 5.6 percent stake in the company. In an email to Benzinga, an Alibaba spokesman said the company's stake in Groupon is passive in nature,...