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Ford Agrees Tech and Marketing Deal with China’s Alibaba

“Tmall, an Alibaba subsidiary and one of its two main online divisions, could be used to market Ford cars under terms of the deal, Alibaba said in a statement Thursday, which aims to explore tech-related opportunities between the two companies” writes Martin Baccardax for thestreet.com. Alibaba Group Holding Ltd. (BABA)  shares traded higher in pre-market dealing Thursday after Asia’s second-largest company inked a deal with Ford Motor Co. (F) that could see it sell cars through its online retail platform in the world’s fastest-growing market.
 
Source: thestreet.com



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