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On the morning of September 9th, the market suddenly reported that Alibaba would officially announce the launch of a new group buying product and evaluation system in the next couple of days, directly competing with Meituan's core business. According to reporters, there will indeed be a significant business press conference held by Alibaba on Wednesday morning (September 10th) in the C Zone of Xixi, Hangzhou, with the event scheduled for half a day in the morning. However, Alibaba did not specify whether it would be a press conference for the group buying business. (Securities China)
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