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Chinese tech giants Alibaba Group Holding and ByteDance are divesting non-core gaming and retail assets to private equity funds, reallocating significant resources to accelerate their push into artificial intelligence development across Asia.
Drastic state divestment initiative The total revenue gained from state divestment activities in 2017 is expected to add at least VND19 trillion ($835.62 million) to the national budget. The above figure was calculated based on the par value of the portion of…
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