Hello and good day!
Online marketplace Etsy has gone public with a bang. Apple is expanding its environmental efforts in China by investing in a new solar power project and a number of European and international companies have published their results. Enjoy our Friday issue and have a relaxed weekend.
Alibaba to improve transparency After competing in mobile payment, online retail, and taxi-hailing, Chinese internet giants Tencent and Alibaba have taken their battle to a new field - government smart city initiatives. The two firms are said to improve administrative efficiency and transparency.
Asos targets Chinese customers Britain's largest independent online fashion retailer is developing mobile apps to deliver specifically to the Chinese market and has teamed with retail technology specialists Red Ant. The apps will be launched this summer.
Apple invests in China solar project The US tech giant is expanding its environmental efforts by investing in a new Chinese solar power project and preserving 36,000 acres of “sustainable” timberland in Maine and North Carolina.
USA & Canada
Target settles data breach and opens pop-up The US retailer has entered into a settlement agreement with Mastercard to resolve losses from the data breach in 2013. Over in Manhattan, the company opened a Lily Pulitzer pop-up shop selling what many experts say will be one of its most popular designer collaborations.
Getting out of the niche Organic sales are growing but the sector remains niche. Innovative practice and partnerships could change this +++ The US government has announced plans to support the production of organic crops and produce, as a separate report noted that retail sales of such products continue to rise in the country.