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Weekly Insights Sep 11, 2015

Executive Summary

  • This week, the FBIC Global Retail & Technology team attended the Goldman Sachs 22nd Annual Global Retailing Conference.
  • Department store giant Macy’s plans to open 10 Best Buy stores-within-a-store in November, as Macy’s seeks to better leverage its real estate.
  • China’s top transportation app startup, Didi Kuaidi, has now raised US$3 billion in total funding, on top of the US$2 billion it raised in July, whereas Uber is tentatively seeking to raise US$1.2 billion for its China business.
  • Germany’s largest retailer, Metro Group, is forming an e-commerce partnership with Alibaba that will allow Chinese consumers to purchase more than 100 German products on Alibaba’s Tmall website.

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