Alibaba joins dating app Momo buyout group, sparking record US stock rally

Alibaba joins dating app Momo buyout group, sparking record US stock rally

Jack Ma, Alibaba founder and chairman. Photo: REUTERS/Fabian Bimmer

Alibaba Group Holding Ltd.’s finance affiliates have joined the group seeking to buy out Momo Inc., sparking a record rally in the Chinese dating app maker’s stock.

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