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Tencent doubling down on retail shouldn’t be a surprise

Tencent Holdings Ltd. is doubling down on retail. Investors shouldn’t act so surprised. Days after confirming plans to pay around 4.2 billion yuan ($635 million) for a 5 percent stake in Yonghui Superstores Co., the Chinese social-media king announced it would outlay a similar amount for a similar stake in Vipshop Holdings Ltd. Yonghui operates a chain of supermarkets, Vipshop ...

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Net neutrality war rages on in US

The net neutrality war rages on. Last week Ajit Pai, chairman of the Federal Communications Commission, dismantled rules the Barack Obama administration put in place in 2015 requiring internet service providers to treat all internet traffic the same. Supporters are elated, and opponents are rending their garments: Presumably, then, the decision is of vast significance. Actually, it’s hard to say ...

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Yorkshire pensioners own an A380 superjumbo. Is that wise?

What do German dentists and architects have in common with Yorkshire council workers? Bizarrely, they’re all part-owners of Airbus A380s. Airbus SE is struggling to sell the A380 and a second-hand market hasn’t become established yet. But Airbus isn’t the only one facing a problem: German retail investors and British pension funds have savings tied up in alternative investment vehicles ...

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