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Warehouse operator GLP launches USD2 bn China logistics fund

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11-Sep-18 GLP, Asia’s largest warehouse operator, has launched a USD2 bn China fund in partnership with Singapore sovereign wealth fund GIC, as it continues to tap into the growing demand for warehousing fuelled by a boom in e-commerce. [image: South China Morning Post]

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PPG to build new paint, coatings center in China

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10-Sep-18 PPG has acquired land in Tianjin, China, where it plans to build a new, state-of-the-art paint and coatings R&D centre. The facility, which will be located in the Tianjin Economic and Technology Development Area, will be completed in 2021. [image: Body Shop Business]

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Foreign investors put high hope on Vietnam’s healthcare sector

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08-Sep-18 Foreign investors are keen on Vietnam healthcare as they seek to tap into spending on private services. VinaCapital will invest USD25 mn in hospital operator Tam Tri Medical, while Korea’s Sun Medical Center earlier acquired Nha Khoa My dental clinics. [image: Vietnam Net]

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Dubai wealth fund ICD launches new logistics firm

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05-Sep-18 ISS Global Forwarding has been set up by Investment Corporation of Dubai, and will invest in the Middle East, Africa, Europe and India, later expanding to Asia and China. The company will focus on freight forwarding and contract logistics. [image: Arabian Business]

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Bezos, Buffett bet on a USD250 bn Internet market in India

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30-Aug-18 Walmart wraps a USD16 bn agreement on India's leading e-commerce player, Flipkart, while Amazon negotiates deals with a supermarket chain and a prominent retail conglomerate. Meanwhile Berkshire Hathaway has agreed to acquire a stake in digital payment leader Paytm. [image: Bloomberg]

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