The shares of the American famous e-commerce company have grown by 41% during the US trading hours. Such sharp rise has been caused by the statement of Alibaba, the largest Chinese online store, to purchase 33 million of the company’s shares, which has immediately aroused interest among investors. Groupon shares had been steadily falling before Alibaba’s involvement. The cooperation between these two internet giants will undoubtedly bring them lots of profits, so traders might expect new performance records in the nearest future.
The positive news has also influenced the Alibaba shares to grow by 8.87%. Do not miss this unique chance to earn money on the assets’ further increase. Remember, that Groupon and Alibaba will be available for trading during the US session, from 13:40 to 20:00 GMT time.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.