Alibaba to spend more on travel, entertainment after $13.4 billion listing
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HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group plans to ramp up investment in its online entertainment, content and travel platforms with the proceeds from a planned $13.4 billion (£10.47 billion) Hong Kong listing.A draft prospectus lodged with the Hong Kong Stock Exchange late on Wednesday showed that the company was increasing its investment in online delivery and local services platform, Ele.me, and online travel group, Fliggy.Alibaba also plans to spend more on developing..