What is the significance of Ant Financial giving up a third of its equity?
Alibaba Agrees to Acquire 33% Equity Stake in Ant Financial

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2.
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How does the relationship between Alibaba and Ant Financial reflect the Chinese regulatory environment?
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What role does the e-commerce business play in Alibaba's overall profitability?
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In what ways has Alibaba's advertising spending changed compared to its R&D spending?
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Discuss the impact of mergers and acquisitions on Alibaba's business strategy.
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