• Bloomberg

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Terry Gou, the billionaire founder of Foxconn Technology Group, pulled out of next year’s presidential election in Taiwan, a move that may help unite the opposition Kuomintang.

Gou apologized to his supporters in a statement on Facebook on Tuesday outlining his decision to withdraw from the race as an independent. After he quit the Kuomintang last week, he had come under pressure from opposition leaders, including former President Ma Ying-jeou, to drop out of the race and support their nominee to help return the China-friendly party to power.

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