Alibaba today announced it will invest $3.6 billion in Sun Art Retail Group, a huge hypermarket and supermarket operator in China. Sun Art is the largest retailer in China and competes head to head with Walmart.
TikTok Wins Reprieve Against Being Banned
TikTok has won its latest round against the Trump administration, getting a temporary injunction against the administration’s looming ban.
China Won’t Approve TikTok Deal, Says State Media
Based on what I know, Beijing won’t approve current agreement between ByteDance, TikTok’s parent company, and Oracle, Walmart, because the agreement would endanger China’s national security, interests and dignity.
Oracle/Walmart/TikTok Deal May Be Headed For Another Impasse
The deal to keep TikTok running in the US is headed for another impasse over control of the new company.
Walmart+ Goes Head To Head With Amazon
Walmart launches Walmart+ a subscription service that competes directly with Amazon Prime and costs only $98 a year or optionally $12.95 a month. Walmart’s membership option is now available to customers across the country. Membership includes free 15-day trial period.
Oracle Beats Out Microsoft/Walmart As TikTok’s US Partner
In a surprise move, Oracle has emerged as the frontrunner to be the US partner for TikTok.
Walmart Partners With Zipline For Drone Delivery
Walmart has partnered with Zipline to deliver health-related products directly to customers. The new service will make on-demand deliveries of select health and wellness products with the potential to expand to general merchandise.
Trump Will Not Extend TikTok Ban Deadline
As the TikTok negotiations run into trouble, President Trump has indicated he has no intention of extending a ban deadline of September 15.
Trump Administration May Ban More Chinese Apps
The Trump administration is looking at banning additional Chinese apps as negotiations over TikTok have nearly ground to a halt.
Walmart Joining Microsoft in Effort to Purchase TikTok
Walmart is getting in on the TikTok action, joining Microsoft’s bid to purchase the beleaguered social media platform.