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Jack Ma-Backed Ant Is Refinancing a Credit Line of $6.5 Billion

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Jack Ma-backed Ant Group Co. is refinancing an offshore credit line that will reach $6.5 billion, as it expands its global operations, according...

BYD Lifts Annual Sales Target to 4 Million EVs, Plug-in Hybrids

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Chinese electric-vehicle maker BYD Co. has raised its annual sales forecast thanks to a surge in purchases of plug-in hybrid vehicles.The Shenzhen-based EV...