Alibaba Group Holding has invested 240 million yuan (US$37.8 million) to double its stake in a loss-making local tour agency, a deal that caps a year of “cautious” investments since the e-commerce giant became the target of an antitrust probe on Christmas Eve 2020.Alibaba (China) Technology Co, a subsidiary of the Chinese e-commerce giant, will double its stake in Shenzhen-listed UTour Group Co from 5.02 to 11.06 per cent by buying shares from chairman Feng Bin and deputy chairman Guo Hongbin,…

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