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China's Alibaba expands U.S. reach with new investment group

2013-10-24 13:22:17| InfoWorld: Top News

China's Alibaba Group is poised to invest more in U.S. tech companies with the start of a new investment group that the e-commerce giant is setting up in San Francisco. Alibaba is looking to back "innovative platforms, products, and ideas" that focus on e-commerce and new technologies with the investment group, the company said in an email Wednesday.

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