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Business

Alibaba market cap tops Amazon for 1st time in 28 months

Chinese online retailer wows investors as its US rival faces tough fight at home

Chinese e-commerce leader Alibaba has seen a steady rise in its market value as shoppers in Asia and elsewhere go online.   © Reuters

NEW YORK -- The market value of Alibaba Group Holding briefly exceeded that of Amazon.com on Tuesday for the first time in 28 months on the New York Stock Exchange.

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