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Alibaba Sells Loan Unit to Alipay Parent

Alibaba Sells Loan Unit to Alipay Parent

Aug. 13 (Bloomberg) -- Alibaba is selling its small-business lending arm to the company that already controls payments affiliate Alipay, separating itself from the last of its major financial units ahead of an IPO expected next month. Bomoda CEO Brian Buchwald and Bloombergs leslie Picker speak on Bloomberg West. (Source: Bloomberg)