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Insights
20-Nov-18 SoftBank's Vision Fund will invest USD2 bn in Korea’s Coupang, giving Korea's largest online retailer funds to accelerate development of new shopping and delivery services. Coupang, founded in 2010, sells over 120 mn items from consumer electronics to food. [image: Kiyoshi Ota / Bloomberg]
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06-Nov-18 Hong Kong's South China Morning Post, acquired in 2016 by Alibaba, has decided to go into the red and invest over a period of time "to secure long-term sustainability and profitability". Advertising at Hong Kong newspapers declined 24 percent 2014-17. [image: SCMP]
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Insights
06-Nov-18 Close on the heels of Walmart acquiring Indian e-commerce firm Flipkart, Amazon is cutting deals with offline retailers in India. Its investment arm is set to pick up a 9.5% stake in Future Retail for INR25 bn (USD346 mn). [image: Amazon / Asia Times]
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29-Oct-18 BASF’s Construction Chemicals division has launched a new regional competence centre and development laboratory at Dubai Science Park, a science-focused business community in the UAE. The new 6,000 sqf facility will be one of eight regional development laboratories globally. [image: Trade Arabia]
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25-Oct-18 Siam Cement Group has reduced its investment budget amid the trade war between China and the US, CEO Roongrote Rangsiyopash said. He also acknowledged the potential for increased exports of chemicals, building materials and packaging to both countries. [image: The Nation]
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