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Alibaba deepens retail foray with new supermarket tie-up

  Bloomberg Alibaba Group Holding Ltd. is teaming up with Shanghai Bailian Group Co., one of China’s largest supermarket and department store chains, as Jack Ma accelerates an effort to employ technology to shake up old-fashioned retail. Alibaba’s planning to help upgrade some of Bailian’s 4,700 stores across the country, integrating everything from customer relations to payment and logistics in ...

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Expedia, Amazon bet on UK by hiring, adding office space

  Bloomberg As politicians and businesses wrestle with potential changes to UK border controls, one of the world’s largest online travel booking companies has decided to double its headcount in London, and it’s not alone in looking to expand. Expedia will expand its UK office by 138,000 square feet, or to roughly twice the size of its existing space, and ...

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Steinhoff’s Shoprite talks collapse

  Bloomberg Steinhoff International Holdings NV and Shoprite Holdings Ltd. ended talks to create Africa’s biggest retailer after negotiations with shareholders including billionaire Christo Wiese broke down over terms. Wiese, who is the biggest investor in both companies, South Africa’s Public Investment Corp. and Steinhoff were unable to reach agreement on the share-exchange ratio that would have been applied to ...

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