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Jack Ma, billionaire and chairman of Alibaba Group Holding Ltd., gestures as he speaks during the Special Conversation at the Global Engagement & Empowerment Forum on Sustainable Development (GEEF) in Seoul, South Korea, on Wednesday, Feb. 7, 2018. Alibaba has agreed to buy a stake in Dalian Wanda Group Co.'s cinema operator as billionaire Wang Jianlin's real estate-to-entertainment conglomerate turns to another Chinese tech giant and a government-backed company for investments totaling about 7.8 billion yuan ($1.2 billion). Photographer: Jean Chung/Bloomberg via Getty Images

Jack Ma, billionaire and chairman of Alibaba Group Holding Ltd., gestures as he speaks during the Special Conversation at the Global Engagement & Empowerment Forum on Sustainable Development (GEEF) in Seoul, South Korea, on Wednesday, Feb. 7, 2018. Alibaba has agreed to buy a stake in Dalian Wanda Group Co.'s cinema operator as billionaire Wang Jianlin's real estate-to-entertainment conglomerate turns to another Chinese tech giant and a government-backed company for investments totaling about 7.8 billion yuan ($1.2 billion). Photographer: Jean Chung/Bloomberg via Getty Images

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Employees walk through a building lobby at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Tuesday, Oct. 13, 2015. Alibaba's bet on data technology is driving greater investment in areas including ways to protect user privacy as it battles Amazon.com Inc. for customers globally. Photographer: Qilai Shen/Bloomberg via Getty Images

Employees walk through a building lobby at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Tuesday, Oct. 13, 2015. Alibaba's bet on data technology is driving greater investment in areas including ways to protect user privacy as it battles Amazon.com Inc. for customers globally. Photographer: Qilai Shen/Bloomberg via Getty Images

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An employee walks past a reception desk at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Tuesday, Oct. 13, 2015. Alibaba's bet on data technology is driving greater investment in areas including ways to protect user privacy as it battles Amazon.com Inc. for customers globally. Photographer: Qilai Shen/Bloomberg via Getty Images

An employee walks past a reception desk at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Tuesday, Oct. 13, 2015. Alibaba's bet on data technology is driving greater investment in areas including ways to protect user privacy as it battles Amazon.com Inc. for customers globally. Photographer: Qilai Shen/Bloomberg via Getty Images

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Yuan Keru, a 23 year old graduate student at the China Academy of Arts, shops online on T Mall, as the clock strikes zero hour for the November 11th shopping festival at her apartment that she shares with her boyfriend in Hangzhou , China on 11 November 2013. Alibaba, the parent company of T Mall, recorded $5.78 billion of sales during this Chinese version of Black Friday in 2013, as people in China increasingly log on to their computers to shop. (Photo by In Pictures Ltd./Corbis via Getty Images)

Yuan Keru, a 23 year old graduate student at the China Academy of Arts, shops online on T Mall, as the clock strikes zero hour for the November 11th shopping festival at her apartment that she shares with her boyfriend in Hangzhou , China on 11 November 2013. Alibaba, the parent company of T Mall, recorded $5.78 billion of sales during this Chinese version of Black Friday in 2013, as people in China increasingly log on to their computers to shop. (Photo by In Pictures Ltd./Corbis via Getty Images)

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Aliexpress website and logo is seen on 14 July 2017 in Gdansk, Poland Aliexpress, the Alibaba retail platform, the world's largest e-commerce company, is already the third most popular online shopping site in Poland. Lower prices are the main reason for using foreign e-purchases, in spite of waiting for a few weeks for the delivery to Poland and the risk of adding the duty to the price. (Photo by Michal Fludra/NurPhoto via Getty Images)

Aliexpress website and logo is seen on 14 July 2017  in Gdansk, Poland Aliexpress, the Alibaba retail platform, the world's largest e-commerce company, is already the third most popular online shopping site in Poland. Lower prices are the main reason for using foreign e-purchases, in spite of waiting for a few weeks for the delivery to Poland and the risk of adding the duty to the price. (Photo by Michal Fludra/NurPhoto via Getty Images)