5.6 percent stake in Groupon
China's Alibaba Buys 33 Million Shares of Groupon
| Alexis Villarias | | Feb 15, 2016 03:30 PM EST |
China's Alibaba has bought a 5.6 percent stake in Groupon, making it the fourth largest shareholder in the online deal site. Groupon shares are still down 61 percent over the last 12 months, despite a 29 percent increase last week Friday.
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