Hello, dear reader!
Exploring online payment options and investing in online sales dominate today's issue. Walmart partners with Moneygram and Paypal expands its foothold in retail with Mastercard. Coop Danmark is launching a new mobile payment app. Meanwhile, US retailer Kroger and UK department store John Lewis are set to give their online presence a boost. Enjoy the read and please share!
asia & Australasia
Tencent ranks on top The Shenzhen-based tech giant has become the most valuable company in mainland China, beating state-owned telecom China Mobile and underscoring the growing importance of a vibrant private economy over lumbering state-owned enterprises.
Successful investments In a bid to meet increasing online demand, department store giant John Lewis has invested GBP 250 million in a new distribution centre, creating 500 new jobs, while e-tailer Shop Direct has recorded a surge in profits and sales, thanks to its investments in the technology side of the business.
usa & canada
Ambitious growth plans After reporting record earnings for its first quarter, Iowa-based convenience store chain Casey's General’s Stores expects to build or acquire 77 to 116 stores, replace 35 existing locations, and complete 100 major remodels in its current fiscal year.
Improving food safety The Food Standards Agency (FSA) pledges to reduce the use of antibiotics in farming after a study, commissioned by the Alliance to Save Our Antibiotics and carried out by Cambridge University, found the highly resistant ESBL E. coli in chicken samples from all UK supermarket chains.