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European dairy farmers are facing the end of three decades of milk quotas today with a mixture of anticipation and angst. It will allow them to serve growing demand in emerging markets such as China, but could also cause a crash in prices. Read about this game changer, start-up incubators, digital labs and a lot more.
asia & australia
Alibaba opens incubator in India Together with Bengaluru-based mobile and analytics solutions company Globals, the Chinese e-commerce giant will establish a start-up incubator that will focus on mobile commerce. Mobile payment is flourishing in China, not only in online shopping.
Snapdeal ventures into financial services The Indian e-tailer has acquired a majority stake in online financial services start-up Rupeepower. It will enable the New Delhi-based e-commerce company to foray into the domestic financial services market.
Coop Denmark signs Asian logistic partnership Damco, one of the world’s leading third party logistics providers, and Danish retailer Coop have signed a partnership agreement appointing Damco as Coop's sole logistics partner for inbound shipments from Asia.
Heineken slims down top team The Dutch company has shaken up its management team in an effort to pep up its sales performance. Three top executives, including chief marketing officer Alexis Nasard, will leave.
usa & canada
P&G sells Vicks Vaposteam Procter & Gamble Co., which has been selling brands to focus on its largest, most profitable operations, has sold its Vicks Vaposteam U.S. liquid inhalant business to consumer-products company Helen of Troy Ltd.
Walmart Canada cuts free online shipping The big box retailer is implementing a US$ 50 minimum order for free standard online shipping. The move signals that competitive pressures are easing after Target has left the country.
developments to watch
Australians call for grocery regulation More than half of consumers believe the Australian grocery market lacks healthy competition, with 72% believing the sector is too dominated by Coles and Woolworths according to a new study.