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Alibaba Hangs On With Investment In Groupon

  • USA Today, Wednesday, February 17, 2016 8 AM

With its investment in Groupon, Alibaba is now testing an online market so tough it once scared off Amazon CEO Jeff Bezos — no stranger to razor-thin margins. After Groupon's latest quarterly results, it's easy to see why. The daily coupon site posted an operating loss and net loss in the fourth quarter, as sales rose just 3.8% year-over-year. Those same profit metrics were in the black in the year-earlier period.



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