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Singer Jackson Wang Becomes Strategic Investor in PapaHome Taobao Furniture Store, Launching Selected Products Next Yr
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PapaHome, the Taobao furniture brick-and-mortar store established by BABA-W (09988.HK)(BABA.US)'s Taobao Hong Kong and one-stop home repair platform Papabo, announced that it had received a investment from singer Jackson Wang's TEAM HOLDING, which has become a strategic investor. PapaHome had previously announced that it will open a two-storey flagship store in Causeway Bay in the second quarter of next year, where it is envisioned to launch a limited selection of products by Jackson Wang. PapaHome also stated that it has clearly planned to speed up the opening of more branches across Hong Kong next year, with the future goal of using Hong Kong as a springboard to gradually tap into Asia and other major markets. AASTOCKS Financial News Website: www.aastocks.com |
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