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Alibaba's upscaled buyback may be a sign of things to come
Alibaba shares soared as much as 13 per cent in New York on Tuesday (Mar 22) after the e-commerce giant ramped up its repurchase program, fueling rallies in the likes of Baidu, JD.com, Xiaomi and Tencent Holdings on optimism that more Chinese technology giants will follow suit, and at scale.
