Alibaba buys 5.6% stake in Groupon
Chinese e-commerce major Alibaba has bought nearly 33 million shares of Chicago-based online daily deal service Groupon. As per a regulatory filing on Friday, Alibaba will own a 5.6% stake in Groupon after the purchase. Groupon recently reported a fourth-quarter net loss of $46.5 million compared to a net profit of $8.8 million last year. \n\n