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Alibaba filing puts value at $133bn

Chinese ecommerce group Alibaba values itself at $133bn, up from $119bn in June, according to a US regulatory filing on Friday.

The company, which is expected to raise about $20bn in New York in what could be the biggest initial public offering ever, revealed the new valuation in updated documents about its planned listing.

It comes from calculations based on what Alibaba says it values its stock at in granting share-based awards to employees.

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