BRIEF: Taobao launches $7 billion subsidy in instant retail wars
E-commerce giant Alibaba (BABA.US; 9988.HK) announced on Wednesday that its Taobao Flash Sale instant retail platform has launched a 50 billion yuan ($6.97 billion) subsidy program that will run for…
Reprieve for Car Sales, and New U.S.-China Flights
China's car sales returned to growth in September and Delta will resume its L.A.-to-Shanghai flights after more than a three-year suspension.
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