Executive Summary

• Earlier this month, Amazon signed a 10-year lease on a former Tesco
  warehouse near London, fueling speculation that it is set to launch its
  AmazonFresh grocery operation in the UK
• TV shopping network QVC is buying flash-sales e-tailer Zulily for $2.4
  billion, paying a 49% premium to its pre-announcement price
• Southeast Asia’s leading transportation app, GrabTaxi, has raised $400
  million in a round led by China’s sovereign wealth fund
• Several US fast-food chains are opening new outlets in Brazil, receiving
  favorable leases while peers are consolidating