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Son lifts SoftBank’s stake to 34%, edging towards buyout

  Bloomberg Masayoshi Son has quietly tightened his grip on SoftBank Group Corp during a tumultuous market downturn, edging closer to the point where he could bid to take the world’s largest technology investor private. The billionaire now owns more than a third of the company he founded, after aggressive buybacks in the last two months reduced SoftBank’s outstanding stock ...

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Chinese EV giant BYD enters Malaysia in Sime Darby deal

Bloomberg China’s BYD Co will sell its electric vehicles in Malaysia in a 500 million ringgit ($113 million) tie-up with Sime Darby Motors Sdn Bhd. Sime Darby will be BYD’s exclusive distributor in Malaysia, with the first showroom to open later this month, the companies said in a statement. They plan to have 20 dealerships by next year, and 40 ...

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Indian agency releases Vivo phones held over violations

  Bloomberg An Indian state agency released nearly 27,000 Vivo Mobile Communications smartphones for export after withholding the shipment for more than a week over alleged rule violations. The federal finance ministry’s revenue intelligence unit allowed the Chinese company to collect the devices it was holding at the New Delhi Airport over an alleged mis-declaration of phone models and their ...

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