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Alibaba (BABA) Stock Declines After $100 Million Investment In Mei.com
NEW YORK (TheStreet) -- Alibaba shares closed down by 2.06% to $77.98 on Wednesday, as the China-based online retail company prepares to invest more than $100 million in Mei.com, a flash sales platform for luxury and fashion goods, according to Reuters."Alibaba will help Mei.com and other brand partners enter our ecosystem to allow more efficiency in helping them locate consumer groups, conduct ... Read News
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