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US retailers warn of China giant Alibaba’s impact

US retailers warn of China giant Alibaba’s impact

🕔06:55, 2.Dec 2014

SAN FRANCISCO: Several of the largest U.S. retailers warned that Alibaba Group Holding Inc may “decimate” local companies unless Congress closes tax loopholes for online retailers, singling out the Chinese company before it has even established a major American consumer presence.

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