BRIEF-Suning Commerce Sees 2017 Net Profit Surge, Helped By Sale Of Alibaba's Shares

Jan 12 (Reuters) – Suning Commerce Group Co Ltd:

* SAYS IT SEES 2017 NET PROFIT UP 485.13—499.32 PERCENT Y/Y FROM 704.4 MILLION YUAN ($109.09 million) A YEAR AGO

* SAYS SALE IN ALIBABA’S SHARES HELPED BOOST NET PROFIT DUE TO INVESTMENT GAINS Source text in Chinese: bit.ly/2D3Fwml Further company coverage: ($1 = 6.4568 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

Source: Reuters

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BRIEF-‍Wattpad raises $51 mln in new funding

January 17, 2018 mmayha 0

Jan 17 (Reuters) – Wattpad: * ‍WATTPAD ANNOUNCES USD $51 MILLION (CAD $61.25 MILLION) IN NEW FUNDING​ * INVESTORS INCLUDE TENCENT HOLDINGS LIMITED, BDC, GLOBE TELECOM‘S KICKSTART VENTURES, PETERSON GROUP, AND EXISTING INVESTOR RAINE​ Source […]

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