British e-commerce firm THG ends agreement with SoftBank

Cross-border E-commerce Industy

British e-commerce group THG said on Tuesday it had terminated its collaboration with a unit of Japan’s SoftBank Group Corp due to challenging global market conditions.

THG said it has completed the internal separation of its key divisions but the call option with SoftBank to inject a further $1.6 billion into its technology arm THG Ingenuity will also not go ahead.

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