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Thailand’s Central Group to invest $200mn in Grab

Bloomberg Central Group, which controls Thailand’s biggest shopping mall and department store operator, plans to invest $200 million in ride-hailing giant Grab, people familiar with the matter said. The deal seals a strategic partnership under which the conglomerate will help Grab expand its business in Thailand, said the people, who asked not to be named because the information is private. ...

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Huawei chairman says company won’t do harm

Bloomberg The chairman of Huawei Technologies Co. says the company would “never do anything to harm any country, any organisation or any individual,” according to an interview in the Globe and Mail. Technological divisions between countries with different ideologies “would not be beneficial for humanity, nor for technological progress,” Liang Hua said in an interview at Huawei’s headquarters in Shenzhen, ...

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Hong Kong retail sales wilt in Dec

Bloomberg Hong Kong’s retail sales missed estimates in December, as a slowing mainland economy dampened consumer sentiment and the surge in cross-border tourists failed to translate into a spending bump. The city’s retail sales by value expanded 0.1 percent last month from a year earlier, compared with the median estimate of 1.4 percent among six analysts surveyed by Bloomberg and ...

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