The winds in the retail world have turned quickly again: Steinhoff has left the bidding table for Home Retail Group, paving the way for Sainsbury's to acquire and scoop up French white goods retailer Darty instead. In other news, the Indian e-commerce market is getting even tighter, WeChat out-competes Paypal, and the planned Staples and Office Depot merger enters yet a new round. Have a good start into the new week and enjoy the read.
Asia & South Pacific
Chinese growth phases China’s largest social network and online entertainment firm, Tencent, has become one of the world’s largest payment systems, with transactions through WeChat payments possibly totalling more than US$ 500 billion this year, out-competing Paypal +++ Chinese technology giant Lenovo announced a major leadership revamp.
World Retail Congress Dubai 2016
Join the 10th edition of the Congress this April in Dubai. Network with fellow global retail leaders within the retail space as we focus on the industry's ultimate disruptor and driver of change: the customer
Find out how you can be a part of the exclusive networking, inspiring speaker sessions and Q&A's.