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Alibaba folds Silicon Valley-based Amazon rival into NYC startup it's backing

Alibaba may be finding it tougher than expected to take on Amazon and eBay in the U.S.. The Chinese e-commerce giant led by Jack Ma is folding its San Mateo e-commerce site and a pair of Bay Area companies it acquired — Vendio and SingleFeed — into a New York-based startup that it just bought a big piece of, according to TechCrunch...
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