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Alibaba picks Beijing as site for 2nd HQ

Alibaba said on Thursday it will launch a second headquarters in Beijing to strengthen business development in north China.

Beijing is traditionally a hotspot for Internet and telecommunications startup firms and a suitable city to drive synergies and collaboration among industry players, Alibaba said.

A number of Alibaba’s business units and affiliates also have their headquarters in Beijing, such as online mapping service AutoNavi, its mobile Internet unit UC Mobile, Ali Pictures and Alibaba Health.

(Source: Shanghai Daily)