Saturday February 24, 2018



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Tencent to Buy Stake in Supermarket Chain in Rare Retail Foray
Tencent Holdings Ltd. will buy a stake in Chinese supermarket chain Yonghui Superstores Co. for about 4.22 billion yuan ($638 million), setting up a clash with arch-rival Alibaba Group Holding Ltd. in physical retail. China’s largest internet corporation ...






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