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Messaging-app operator Line Corp. (3938.TO) has set a price range of 2,700 to 3,200 yen ($26-$31) a share for its planned initial public offering in Tokyo, according to a person familiar with the matter.
HONG KONG– Wal-Mart Stores Inc.’s recent deal to buy a 5% stake in China’s second-biggest e-commerce company includes terms that could motivate the U.S. retail giant to increase its investment, a person familiar with the matter said.