Alibaba, Ant to pour nearly $1 billion into local services startup

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Alibaba, Ant to pour nearly $1 billion into local services startup

Alibaba, Ant to pour nearly $1 billion into local services startup
SHANGHAI (Reuters) - Alibaba Group Holding Ltd and its affiliate Ant Financial will invest nearly $1 billion in a joint venture that they hope can tap China's fast-growing local services market, focusing at first on food delivery.







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