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Alibaba surges in its debut

NEW YORK (AP) — Alibaba's stock is surging as the Chinese e-commerce powerhouse begins its first day trading as a public company. The stock opened at $92. 70 and nearly hit $100 on the New York Stock Exchange Friday, a gain of 46 percent from the initial $68 per share price set Thursday evening. At Friday's opening price, the company is worth $228. 5 billion, more than companies such as Amazon, Ebay and even Facebook. Jubilant CEO Jack Ma stood on the NYSE trading floor Friday as eight a...

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