Executive Summary

• This week’s note “From the Desk of Deborah Weinswig” looks at the opportunities for Grocery Outlet in the US.
• US consumers borrowed more on their credit cards in May and also took out more student and auto loans, a modest sign of economic health. Consumer borrowing increased 5% that month, just below April’s 5.2% rise.
• UK-based home décor visualization startup DigitalBridge secured £3 million ($3.7 million) in funding from Maven’s Venture Capital Trusts and NPIF Maven Equity Finance.
• Alipay announced plans to donate ¥1 billion ($145 million) to Chinese women’s soccer team Steel Roses over the next decade, following a disappointing showing at the recent World Cup.