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Alibaba Group Holding Ltd. said in a Friday filing that it owned 33 million shares of Groupon Inc., a Chicago deal purveyor, as of Dec. 31. The 5.6 percent stake made Alibaba the fourth-largest stake holder in Groupon, according to the regulatory filing.
The Chinese e-commerce giant picked up stakes in other U.S. enterprises, such as online retailer Jet.com, augmented-reality provider Magic Leap and ride-hailing app Lyft, as part of its strategy to learn more about the U.S. market as it expands internationally, Bloomberg reported.
“They don’t want to have their own operations, so they are investing in other companies to help them learn and pave the way for more robust activity down the road,” Gil Luria, an analyst at Wedbush Securities Inc., told Bloomberg.
"Petit a petit l'oiseau fait son nid." Little by little Jack Ma builds his nest.
This e-commerce transition in global trade is taking place at a time when extraordinary events are taking place:
• U.S. and Canadian oil producers are losing $350 million a day
• Ford will soon build more compact cars in Mexico than it will in Detroit. Will Donald Trump's wall reverse this trend?
• The surest way to reverse fortunes in the oil patch is for emerging market economies to grow. Engaging in bilateral and multilateral trade among SMEs is a viable and sustainable way to economic growth. Since emerging markets now account for the greatest share of trade in oil, the economic revival of the SME which trades globally is the surest way to revive all economies, particularly if they depend on oil exports.
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