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Alibaba Seeks Investors, May Hit Record

The huge Chinese e-commerce company Alibaba is set to offer its stock to the public for the first time later this week, an action that may raise more than $20 billion for the company.  This Initial Public Offering may turn out to be the largest ever.   Alibaba handles around 80 percent of on-line commerce by China's more than 600 million Internet users.   Headed by Jack Ma, (NAT SOT) the firm profits from transaction fees, and payments from advertisers who want to...

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