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Retail giants Alibaba and Wal-Mart to partner in China

  • Alibaba (NYSE:BABA) and Wal-Mart (NYSE:WMT) plan to partner in China.
  • The collaboration will see 25 Wal-Mart stores in Shenzhen utilize the Alipay payment system.
  • A broader roll-out to other Wal-Mart stores in China is anticipated.
  • BABA +0.44% premarket to $87.15 and WMT +0.1% to $79.01.

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