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Li Ka-shing's Watson defies online rivals with 4 new stores a day

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Watson COO Malina Ngai says the group is also investing in digital operations in a big way.

Hong Kong

WHO says brick-and-mortar retail is dead? Billionaire Li Ka-shing's A.S. Watson Group is opening nearly four stores a day because selling baby and skincare products in China is generating profit margins that Amazon.com Inc could only dream of.

The operator of the Watsons

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