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Walmart fourth quarter revenue grows 1.9 pct

Total revenue of Walmart Inc. for its fourth quarter ending Jan. 31 hit 138.8 billion U.S. dollars, up 1.9 percent year on ye

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Amazon ditches New York headquarters plan amid protests

Amazon.com Inc. abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opp

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Wharf ready to exploit consumption upgrade

Hong Kong's conglomerate The Wharf (Holdings) Ltd will seek to cash in on consumption upgrade and the rise of middle - and hi

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APD | Indonesia registers five-year high growth at 5.17 percent in 2018

By APD writer Aditya Nugraha JAKARTA, Feb. 6 (APD) - Indonesia posted a five-year high economic growth at 5.17 percent last y

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APD | Good start for Vietnam’s economy in 2019

By APD writer Alice Hanoi, Feb. 5 (APD) -- Keeping up the momentum from the previous year, the Vietnamese economy got off to

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Chinese consumers will be most significant economic force: economist

While the global economy is undergoing downward pressure, Chinese consumers are believed to be the most significant economic

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Key takeaways from China's pro-growth measures

With China's economy shifting to a slower but more sustainable growth model, policy makers are stepping up efforts to boost g

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Nostalgia drives up online sales of Laozihao items

An increasing nostalgia for homegrown Chinese brands is quickly gaining popularity, especially as a new generation of younger

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4 former Audi managers charged in US over emissions case

A federal grand jury in the US city of Detroit indicted four former Audi employees for involving in the Volkswagen emissions

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WeChat Pay seeking partners

Tencent Holdings Ltd is looking to work with more smart solutions and service providers, or SSPs, as it seeks to deepen its m

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US food manufacturer to establish pet food plant in Tianjin

Mars Incorporated, a US global manufacturer of confectionery, pet food and other food products, has recently signed an agreem

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Chinese internet giants kick off a rat race in Southeast Asia’s e-commerce market

The 22-year-old Candy prefers to shop in physical stores instead of online, after getting back home to Singapore from London,

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China's SOE hit record profit in 2018

China's state-owned enterprise (SOE) watchdog, State-owned Assets Supervision and Administration Commission (SASAC), held a p

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Homestay provider has plans for US store

Homestay service provider Sweetome Property Consulting Group Co Ltd announced on Monday it would set up its first store in th

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Volkswagen to invest $800 million building electric vehicle in U.S.

Volkswagen Group said on Monday it was investing 800 million U.S. dollars to build a new electric vehicle at its plant in Cha

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China movie box office revenue to reach 78 bln yuan by 2021: Nomura

China's movie box office income is expected to see an average annual increase of nine percent by 2021, a Nomura report showed

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Huawei employee's arrest may undermine its 5G development race

Huawei decided to terminate its contract with its sales executive Wang Weijing, who was arrested last Tuesday in Poland on ch