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Mar 28, 2023 · Alibaba said in a statement that the move is "designed to unlock shareholder value and foster market competitiveness." Alibaba's shares popped and closed more than 14% in higher in the U.S. Ahli Baba’s has long been popular with college kids, Murdock said. That’s especially true in non-pandemic times, when the bars close at 2 a.m. and hungry students swarm the streets.

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