Hello, dear reader
Chinese online giant Alibaba gets serious in India with a million-dollar investment into Paytm. For American rival Amazon the sky is not the limit - CEO Jeff Bezos wants to start a delivery service to the moon. France's Auchan is more down to earth with a billion-dollar investment into its brand and its new buying alliance with Système U. Get informed and don't forget to share the news. Have a great start to the week.
Asia & Australia
Increased competition in India
Alibaba is pushing ahead with its entry into the country's contested e-commerce market by pouring US$ 177 million into Paytm's online business, raising its stake in the company to over 50%, while Chinese tech firm LeEco is downsizing its presence in India to stay 'in line with industry benchmarks'.
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Shake-up at Sainsbury's
Following a recent review, the British supermarket major is making changes to administrative roles, cutting 400 jobs. The company is also discarding the night shift in 140 outlets, which will affect 4,000 employees, who will be offered early morning or late evening shifts.
Morrisons anticipates a double-digit rise in pre-tax profits for 2016 thanks to strengthening its ties with Amazon. The British supermarket chain rolls out the online giant's pick up lockers across 400 of its outlets.
USA & Latin America
Cencosud stays on top
Fourth-quarter revenue at the South American retailer was 6.5% lower due to currency devaluation. In local currency, Cencosud had revenue growth in all businesses across the region and cemented its leading position. The company operates in Chile, Argentina, Brazil, Peru and Colombia.
Keep an eye on
Teaching dairy in China
At US$ 200 billion a year, China's food service industry is booming and Western-style cuisine is growing in popularity. Dairy giants such as New Zealand's Fonterra and Dutch cooperative Royal FrieslandCampina are supporting this trend with workshops and a training kitchen.
Virginia supports robots
The US state will be the first to allow delivery robots to operate on sidewalks and crosswalks. Two lawmakers teamed up with Starship Technologies, an Estonian-based ground delivery robotics company, to draft the legislation. Idaho and Florida are said to be next.