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In October 2005, Alibaba Group formed a strategic partnership with Yahoo! and acquired Yahoo! China, a Chinese portal previously launched on 24 September 1999 that focuses on Internet services like news, email, and search. [170] In April 2013, Alibaba Group announced that, as part of the agreement to buy back the Yahoo!
AliExpress (Chinese: 全球速卖通) is an online retail service based in China and owned by the Alibaba Group. [1] Launched in 2010, [ 2 ] [ 3 ] it is made up of small businesses in China and other locations, such as Singapore, that offer products to international online buyers.
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In July 2021, Alipay was introduced in Brazil as a digital wallet for transactions on AliExpress. With this feature, customers could store balance in their account, collect bonuses and use it as a form of payment for purchases made on the marketplace, [50] but the Alipay Brazil Digital Consumer Account was discontinued on September 30, 2022.
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