Executive Summary

• Li & Fung was on the move this week, demonstrating stock-checking robots and announcing an agreement to supply private-label goods to two Chinese department store chains.
• Wearable tech maker Fitbit completed its initial public offering, raising $732 million.
• eBay has sold its 24.8% stake in Craigslist and put eBay enterprise up for sale, as it readies to spin out PayPal.
• Once Ahold and Delhaize announcing complete their merger, the combination could offer some major competition to Walmart.