BEIJING : China's Alibaba Group said on Sunday it had decided not to participate in a proposed repurchase of shares by affiliate Ant Group, but would maintain its shareholding in the company.Ant Group announced a surprise share buyback of up to 7.6 per cent of its equity interest earlier this month.
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FairPrice Group celebrates 50th anniversary with pledge to moderate cost of livingFairPrice Foundation also donated $50 million to the Health for Life Fund Read more at straitstimes.com.
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FairPrice Group celebrates 50th anniversary with pledge to moderate cost of livingFairPrice Group celebrated its 50th anniversary on Saturday with a pledge to moderate the cost of living for Singaporeans. It will do so by setting the benchmark for prices of daily staples and keeping food and essentials within reach of consumers and readily available, said group...
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China seeks to boost demand by pushing urban development - state mediaBEIJING : China's cabinet has approved guidelines on transforming underdeveloped areas in megacities, in the government's latest move to support the economy, state media said on Friday.The post-COVID recovery in China, the world's second-largest economy, is faltering as demand weakens at home and abroad,
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Missing his family, man in China buys lottery using their birthdates and wins $14mMissing his family whom he’s been away from for a long time, a father in China decided to combine their birth dates into a lottery number and try his luck. Wu, from Hangzhou in Zhejiang province, could hardly believe his eyes when his numbers fetched him a...
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China to rate sponsor institutions' performance in assisting listed firmsHONG KONG : China's two main bourses on Friday issued guidelines for rating the performances of sponsor institutions such as brokerages who help firms list on the exchanges, as part of efforts to battle capital market fraud.Sponsors would be assessed by the 'quality' of listed firms they assisted, such as
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