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Weekly Insights Jul 21, 2017

Executive Summary

  • This week’s note “From the Desk of Deborah Weinswig” offers a review of WeChat, a communication, connection and commerce ecosystem.
  • The US Commerce Department said that US retail sales fell by 0.2% last month, weighed down by declines in receipts at service stations, clothing stores and supermarkets.
  • German retailer Metro Group has demerged into two separate companies, Metro and Ceconomy, a move that was decided in February. Metro Group’s current shareholders will receive shares in each of the two new companies.
  • WeWork is gearing up to launch its coworking spaces in Japan, thanks to a joint venture with SoftBank. As part of the arrangement, SoftBank and WeWork will each own 50% of the joint venture, which will be called WeWork Japan.

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