CHINA Shares of Chinese e-commerce giant Alibaba soared during its Hong Kong trading debut at the end of last year.The company's shares reached US$1 lbn,making it the world's largest listing in 2019,beating Uber's f 8bn record in May.By the end of its first day of trading shares had surged 6.6%.Alibaba's Tmall website has been a key marketplace for beauty brands to access the Asian market.This year,it signed deals with Fenty Beauty and Chanel,and teamed up with Net-a-Porter to bring luxury cosmetics to China.
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