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- Facebook Inc. will invest $5.7 billion in the digital assets controlled by Asia’s richest man as it purchases about 10% of Jio Platforms, the U.S. social-networking giant’s biggest deal since the 2014 purchase of WhatsApp as it seeks a broader foothold in its biggest global market. Reporting from Anto Antony, Kurt Wagner, and Manuel Baigorri.
- Google has made product listings free on its shopping service. Industry experts believe the move is aimed squarely at Amazon, as nearly two-thirds of consumers perform product searches through the e-commerce juggernaut’s platform. Coverage from George P. Slefo.
- Walmart has hired William White, a marketing exec from competitor Target, as its next chief marketing officer. Story from Kim Souza.
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