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China's Jack Ma, Founder and Executive Chairman of Alibaba Group speaks during a press conference at the 47th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Thursday, Jan. 19, 2017. (Laurent Gillieron/Keystone via AP)

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International Olympic Committee (IOC) president Thomas Bach, right, from Germany and China's Jack Ma, left, Founder and Executive Chairman of Alibaba Group arrive for a press conference at the 47th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Thursday, Jan. 19, 2017. (Laurent Gillieron/Keystone via AP)

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International Olympic Committee (IOC) president Thomas Bach, right, from Germany exchanges gifts with China's Jack Ma, left, Founder and Executive Chairman of Alibaba Group during a press conference at the 47th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Thursday, Jan. 19, 2017. (Laurent Gillieron/Keystone via AP)

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China's Jack Ma, Alibaba Group founder and executive chairman, speaks during a panel session during the 47th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Wednesday, Jan. 18, 2017. (Laurent Gillieron/Keystone via AP) ** FILE **

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FILE - In this Nov. 6, 2007 file photo, Jack Ma, founder and CEO of Alibaba, celebrates at his company listing ceremony at the Hong Kong Stock Exchange. The mammoth IPO planned by e-commerce giant Alibaba Group highlights founder Ma’s improbable rise to China’s entrepreneur-in-chief. (AP Photo/Kin Cheung, File)

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FILE - In this March 20, 2012 file photo, Jack Ma, chairman of China's largest e-commerce firm Alibaba Group, gestures during a conference in Hong Kong. The mammoth IPO planned by e-commerce giant Alibaba Group highlights founder Jack Ma’s improbable rise to China’s entrepreneur-in-chief. In a country where state-owned enterprises dominate business and many owe their wealth to government and Communist Party ties, Ma stands out for his huge self-made success. Alibaba, which started as a site to link Chinese manufacturers with buyers overseas, became under Ma an e-commerce behemoth that is now expanding into banking, navigation and online video. (AP Photo/Vincent Yu, File)

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FILE - In this May 21, 2012 file photo, men walk past the corporate logo at the headquarters compound of Alibaba Group in Hangzhou in eastern China's Zhejiang province. Alibaba Group is aiming to raise $1 billion in a long-awaited IPO likely to have ripple effects across the Internet. The Tuesday, May 6, 2014 filing sets the stage for the technology industry's biggest initial public offering since short messaging service Twitter and its early investors collected $1.8 billion in its stock market debut last fall. (AP Photo/File) CHINA OUT

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FILE - In this file photo taken Tuesday March 26, 2013, a worker performs shadow boxing during an open day at the Alibaba Group office in Hangzhou in east China's Zhejiang province. Alibaba Group is aiming to raise $1 billion in a long-awaited IPO likely to have ripple effects across the Internet. The Tuesday, May 6, 2014 filing sets the stage for the technology industry's biggest initial public offering since short messaging service Twitter and its early investors collected $1.8 billion in its stock market debut last fall. (AP Photo) CHINA OUT