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Charoen Pokphand Group invests in Remark Holdings

Thailand-based Charoen Pokphand Group, a conglomerate with stakes in a variety of sectors, including telecommunications and retail, has invested US$10 million in Remark Holdings Inc. to establish a joint venture focused on artificial intelligence and data solutions.

The investment was priced at $12 per share. The companies plan to launch an AI solution and app for the real estate and commercial mall sector in the first quarter of 2018.