Hello, dear reader,
Chinese powerhouse Alibaba is set to become a leader in Southeast Asia’s promising e-commerce market and partners in Australia for a good cause. Competitors Amazon and Walmart see potential in India's food retail, while Britain's Tesco is close to a deal over its accounting scandal. Enjoy our Monday bulletin and have a great start to the week.
Asia & Australia
Alibaba seeks advantage
Being the first international player to enter the Southeast Asia region, the Chinese powerhouse is set to maximise its early mover advantage and has launched its Taobao site in Singapore. Over in Australia, the company has teamed up with several partners to prevent food fraud, using blockchain technology.
Top highlight and most valuable knowledge platform
Meet leading international retail experts like Jacky Tang, Zhonggen Group, Silvio Kirchmaier, Umdasch Group, Victor Guo, Mall China or Wu Yanni, Penguin. Don't miss the opportunity to discuss methods for innovatively incorporate e-commerce into the changing retail landscapes.
Attend the C-star-Retail-Forum from April 26 to 28 in Hall N5 at Shanghai New International Expo Center.
Lotte to save China business
The South Korean retailer will invest US$ 192 million into a Hong Kong subsidiary to infuse funds to 'smooth business' in China. This comes after Chinese authorities closed 67 out of Lotte's 99 hypermarkets due to a diplomatic standoff.
Granarolo buys in Brazil
Italian dairy company Granarolo has acquired the majority of Allfood, a Brazilian importer and distributor of European foods. Based in São Paulo, the company has a portfolio of more than 200 products. The country's dairy sector is worth EUR 23 billion.
USA & Latin America
Coke rejigs management
The soft drink giant has announced several changes to its senior leadership team to drive its ongoing transformation. Key changes include the creation of the role of chief growth officer, appointing a chief innovation officer and positioning the information technology function as a direct report to the CEO.
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What to watch
Replaced by robots
Retail is among the sectors identified as facing the biggest risk of jobs being automated in the next 15 years, according to a PwC report. Up to 2.25 million jobs could change as robots are increasingly used.