Tencent, JD to Invest $863 Million in Online Retailer Vipshop

Tencent, JD to Invest $863 Million in Online Retailer Vipshop. Bloomberg News. December 17, 2017, 5:56 PM PST. Tencent Holdings Ltd. and JD.com Inc. agreed to invest $863 million in online retailer Vipshop Holdings Ltd., setting up an alliance between China's largest social media company and two
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New home prices in China extended another month of steady growth in November, after picking up slightly in October, shrugging off a range of … Authorities have been particularly focused on curbing lending for speculation in the housing market in a broad effort to defuse financial risks from a rapid
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Villagers wade through a flooded street in Borongan, Philippines on Dec. 16. Photographer: Alren Beronio/AFP via Getty Images. Dozens of people were killed and many more were missing after tropical storm Kai-Tak triggered floods and landslides in the Philippines. At least 23 people died in the
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WEDNESDAY. National Association of Realtors releases existing-home sales for November. THURSDAY. Labor Department releases weekly jobless claims. Commerce Department releases third-quarter gross domestic product. Mortgage company Freddie Mac releases weekly mortgage rates. FRIDAY.
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Another financial institution to make changes to its international banking is ING, who in November 2017 scrapped all international ATM, credit and debit card charges for active Orange Advantage Account customers, and confirmed they will only apply the wholesale exchange rate when converting
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According to him, Heritage Bank has continued to compliment the efforts of the CBN by making funds available to both individuals and corporate organisations in their efforts to increase agricultural output. He explained that the bank had taken the front seat in financing critical agricultural projects in
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Yonghui operates a chain of supermarkets, Vipshop is an online discount sales company. In the latter deal, Tencent is being joined by JD.com Inc. Tencent will invest $604 million and take its stake to 7 percent; JD.com is dishing out $259 million and ends up with 5.5 percent. They're paying a premium
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Sen. Bob Corker, R-Tenn., wrote a letter to Sen. Orrin Hatch, R-Utah, chairman of the Senate Finance Committee, asking how a certain real estate provision ended up in the final tax-reform bill before Congress, The Hill reported Sunday. The provision could benefit real estate moguls, including Corker,
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For instance, both the House and Senate tax bill preserve the deductibility of interest on investment properties and leave depreciation largely intact, although the Senate version has a confusing taxpayer option that allows owners to increase the term of depreciation on their property or reduce their
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So, there's a good chance you've heard the word “blockchain” being tossed around. Especially as the system allowing for the transaction of Bitcoins. But it's application is more far-reaching. ShelterZoom is a real estate offer and acceptance app based on blockchain technology. In other words
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Lloyds Banking Group logo Lloyds Banking Group (LON:LLOY)'s stock had its “buy” rating reaffirmed by research analysts at Shore Capital in a research note issued to investors on Tuesday, November 28th. A number of other research analysts also recently weighed in on LLOY. Goldman Sachs Group
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Hong Kong's move to allow dual-class shares should attract a wave of listings by Chinese technology companies. It won't be enough for the city to challenge New York as the global hub for new-economy fundraising. Despite a year of hot flotations that included firms backed by Tencent Holdings Ltd. and
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Fhe Deposit Money Banks in the country borrowed the sum of N671.47bn from the Central Bank of Nigeria in the past five working days, data from the CBN have revealed. The CBN Standing Lending Facility window data revealed that commercial banks borrowed the sum between December 11 and 15,
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The final Republican tax bill coming up for a vote this week promises to hit some high-income New York area taxpayers hard. But commercial real estate owners have reason to cheer. The bill, which includes deep tax cuts for corporations, reduces the tax rate and provides a steep deduction for some
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Anworth Mortgage Asset logo Media coverage about Anworth Mortgage Asset (NYSE:ANH) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks
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Two announcements last week in the Ulster County banking community brought the latest local developments in the fierce struggle between America's national banks and its community banks. Rondout Savings Bank announced a new CEO and president, Cheryl Bowers, the first woman to hold the
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A FORMER Seaford loans manager has been charged with deceiving the National Australia Bank of more than $813,000. The Lysterfield man will face Melbourne Magistrates' Court for a committal mention in February over the alleged deceptions in which he is said to have “skimmed” a small
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AGNC Investment logo AGNC Investment (NASDAQ:AGNC) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, December 6th. Other research analysts have also issued research reports about the company. Maxim Group
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Barclays' unpopular bet on investment banking seems to be paying off in the UK as the bank closes in on the top spot in the UK's annual investment banking league tables for the first time since 2012. Jes Staley, the former JPMorgan banker who took over Barclays with a turnround mandate in 2015, has
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England and Wales saw the first monthly increase in house prices since March, while annual growth continues to weaken. The latest England & Wales HPI for Your Move shows average house price in England and Wales is £300,859, an increase of 0.3% since the previous month. In November, average
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