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Shares of Alibaba Group Holding Ltd. (NYSE: BABA) were up 1.2% in pre-market hours on news that the company earned $9.3 billion on Chinese holiday "Singles' Day." The company also said it is currently exploring a potential initial public offering for Alipay, the world's largest payment processor with more than $150 billion in transactions last year. That puts the division ahead of only PayPal, which will soon be spun off from eBay Inc. (Nasdaq: EBAY). The company also received a boost on reports that it is courting Apple Inc. (Nasdaq: AAPL) to bring its payment processing unit, Apple Pay, to China.