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With Its Latest Move, Alibaba Bolsters Its "Digital Dollars" Growth

Alibaba Group Holding Ltd. (NYSE: BABA) just keeps making "all the right moves."

Just look what the company announced Friday.

That's when the Chinese e-commerce giant agreed to buy Youku Tudou Inc. - popularly known as "China's YouTube" - for about $3.7 billion.

This deal is as shrewd as it is strategic: After the buyout closes in the first quarter, Alibaba will gain access to nearly 600 million online video users. The addition will supercharge Alibaba's presence in China's digital-media market.

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