Alibaba Preps E-Commerce Site for Worldwide Shoppers and Advertisers

English version is in the works

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Alibaba Group Holding Ltd. is certainly on a roll. The Chinese e-commerce heavyweight that floated a $22 billion IPO on the New York Stock Exchange is now investing its money in an international version of its behemoth e-commerce portal, Taobao.

Taobao's global version will appear in multiple languages, including English, according to Reuters. Alibaba founder Jack Ma confirmed the plans in an unofficial remark made during a meeting with top Chinese and foreign Internet leaders in Hangzhou, home to Alibaba's headquarters.

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