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© Reuters. A logo of Alibaba Group is seen at the World Internet Conference (WIC) in Wuzhen © Reuters. A logo of Alibaba Group is seen at the World Internet Conference (WIC) in Wuzhen

SHANGHAI (Reuters) - Alibaba Group Holding Ltd (N:BABA) announced a new business initiative for smart manufacturing on Wednesday called Xunxi Digital Technology Company, as part of which it is opening a pilot factory in the Chinese city of Hangzhou.


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