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Chinese online retail giant Alibaba said Friday it would pay $294 million for a 28 percent stake in China’s leading digital map provider, AutoNavi, its second big purchase in two weeks. Alibaba, the world’s largest online retailer, bought an 18 percent stake in China’s dominant microblog provider Sina Weibo for $586 million in a separate transaction announced on April 29. …
Read More »Chinese Alibaba buys piece of digital map firm
