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Alibaba formed a partnership with Indian mobile wallet company, Paytm, to set up an online gaming company. This _________ is Alibaba's first significant international expansion.

Alibaba formed a partnership with Indian mobile wallet company, Paytm, to set up an online gaming company. This _________ is Alibaba's first significant international expansion.

a.trading company

b.direct investment

c.totally owned facility

d.joint venture

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