| Office Depot Acquisition
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| Leading globle retail giant Office Depot announced recently that it has acquired AsiaEC, one of the largest e-commerce enterprises providing services and goods for offices in China. AsiaEC is also Office Depot’s first investment in the country, aiming to become a testing pad of the Chinese market. Company officials refused to release the transaction figure of the deal. Office Depot is a Fortune 500 company with annual sales of US$15 billion. AsiaEC was founded in 1999, and has offices in Shanghai, Beijing, Guangzhou and Shenzhen. |
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