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SoftBank’s Vision Fund to invest in Auto1 Group

Bloomberg SoftBank Group Corp.’s Vision Fund is in talks with Auto1 Group GmbH to invest in the German used-car portal, according to a person familiar with the matter. The Vision Fund is set to invest more than $116 million in Berlin-based Auto1 at a valuation greater than 2.5 billion euros, said the person, who declined to be named as the ...

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Alibaba raises sales forecast after results top estimates

Bloomberg Alibaba Group Holding Ltd. raised its outlook for full-year revenue growth after reporting sales that beat analysts’ estimates, buoyed by advertisers who spent more to lure shoppers. China’s biggest e-commerce company is now predicting a 49 to 53 percent rise in revenue in the current fiscal year, after acquiring and folding in results from its logistics arm Cainiao. It ...

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Indian businessman Birla’s Hindalco sees profit drop

Bloomberg Hindalco Industries Ltd., controlled by Indian billionaire Kumar Mangalam Birla, reported a drop in second-quarter profit, missing analysts’ estimates, after a one-time loss partly eroded the benefits of a surge in global metals prices. Net income was 3.93 billion rupees ($60 million) in the three months to September 30, from 4.4 billion rupees a year earlier, India’s biggest aluminum ...

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