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MUMBAI—Home-sharing company Airbnb Inc. said it had invested in Indian hotel-booking startup Oyo Hotels & Homes, expanding its reach across Asia. The size of the investment is between $100 million and $200 million, two people familiar with the matter said. Airbnb has been seeking to bolster its core home-rentals business and make itself more attractive to investors ahead of an expected initial public offering.
MUMBAI—Hundreds of thousands of products are back on Amazon.com Inc.’s India website after it restructured its investments to get around restrictions that forced sellers to pull items from the site this month. The e-commerce giant sold a chunk of its stake in a joint-venture whose subsidiary sold products on the website, bringing it in line with new rules, a person familiar with the matter said.
MADURAI, India—Alphabet Inc.’s Google has developed artificial intelligence that can detect a condition that causes blindness in diabetic patients, though tests in India demonstrate the challenges of transferring such technology from the lab to the doctor’s office. The tech giant’s Automated Retinal Disease Assessment tool is trained to diagnose diabetic retinopathy, a complication of diabetes, by reading images of patients’ retinas.
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