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The Groupon Inc. application is displayed on an Apple Inc. iPhone in an arranged photograph taken in New York, U.S., on Tuesday, Feb. 9, 2016. Groupon is scheduled to release earnings figures on February 11. Photographer: Michael Nagle/Bloomberg ORG XMIT: 604423009

China’s Alibaba buys 5.6 per cent stake in Groupon to rank as No. 4 shareholder in online deals site

Alibaba Group Holding has snapped up 33 million shares of Groupon, making it the fourth-largest shareholder in the online deals website that has lost 86 per cent of its value since going public more than four years ago.

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