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SeD to take on China social media giants

It is acquiring from its new CEO a mobile-app firm known as HotApps

SINGAPORE eDevelopment (SeD), fresh from a corporate restructure that puts a well-known white knight at the company's top spot, now looks to challenging Chinese giants Alibaba and Tencent in the instant messaging and e-commerce space.

SeD yesterday announced that it would acquire from its...

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