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May 31, 2016

5 things to know about Alibaba

By ERIKA KINETZ
Associated Press

SHANGHAI — Alibaba is the world's biggest e-commerce platform. Over 420 million people scooped up $485 billion worth of stuff last fiscal year on Alibaba's sites. The company went public in 2014, raising $25 billion — more than Facebook — in the largest offering in the history of the New York Stock Exchange. Here are key things to know:

WHAT IS ALIBABA?


 
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