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Alibaba Group Holding has invested 240 million yuan (US$37.8 million) to double its stake in a loss-making native tour company, a deal that caps a 12 months of “cautious” investments for the reason that e-commerce big turned the goal of an antitrust probe on Christmas Eve 2020.Alibaba (China) Expertise Co, a subsidiary of the Chinese language e-commerce big, will double its stake in Shenzhen-listed UTour Group Co from 5.02 to 11.06 per cent by shopping for shares from chairman Feng Bin and deputy chairman Guo Hongbin,…
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