Alibaba takes a stake in China’s second-largest grocer
November 20, 2017
Alibaba Group Holdings will pay $2.88 billion for a 36 percent stake in Sun Art Retail Group Ltd., the second largest big-box retailer in China. Alibaba made the investment with the goal of expanding into fresh foods while creating greater demand for its Alipay mobile-payment technology and its logistics services.
Recent News
Popeyes Adds Menu Hack Double Stack Sandwich in the UK
Popeyes, the Louisiana chicken chain, continues to expand its menu offerings in the UK. Known for its Cajun breakfast and spicy Buffalo chicken options, the fast-food brand has now introduced a new item: the Double Stack Sandwich.
JCPenney Announces a New Rewards and Credit Program
This new program could potentially return half a billion dollars to America’s families.
Starbucks Improves Its Iconic Cold Cup
The company aims to further its commitment to be a resource-positive business.
Netflix Makes Major Changes to Its Plans
Streaming company Netflix is changing up its approach. The company, known for its subscription model without ads, is now diving into live sports, video games, and ad-supported content.