Nov 20, 2017

Alibaba pushes even bigger into physical retail

Alibaba chairman Jack Ma (Kin Cheung / AP Photo)

Alibaba Group has agreed to invest around $2.87 billion for a 36.16% stake in Chinese hypermart operator Sun Art.

Why it matters: This is a major shot at both Amazon and Wal-Mart in the battle for global retail supremacy.

In terms of Amazon, this is just Alibaba's latest addition to a brick-and-mortar wall that predates and towers over Whole Foods and automated convenience stores. If Alibaba chooses to go physical in the U.S., it will have much a lead in terms of both experience and data.

  • Per Reuters: "Alibaba has invested upwards of $9.3 billion in brick-and-mortar stores since 2015. It has launched many un-staffed concept shops in the past year, including grocery and coffee stores."

For Wal-Mart, Alibaba aligning itself with Sun Art is a direct challenge to its China business.

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Australian court overturns Cardinal George Pell's sexual abuse convictions

Cardinal George Pell at the County Court in Melbourne, Australia, in 2019. Photo: Michael Dodge/Getty Images

Australia's High Court has overturned former Vatican treasurer Cardinal George Pell's convictions for child sexual abuse.

Why it matters: Pell became last year the highest-ranking Catholic Church official to go to trial and be convicted for sex abuse. But the High Court's quashing of the verdict means he will immediately stop serving the six-year prison sentence imposed on him in March last year.

Editor's note: This is a developing news story. Please check back for updates.

U.S. coronavirus updates: Death toll tops 10,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 10,000 in the U.S. on Monday, per Johns Hopkins data. More than 1,000 people in the U.S. have died of coronavirus-related conditions each day since April 1.

Why it matters: U.S. Surgeon General Jerome Adams said on Sunday this week will be "the hardest and saddest week of most Americans' lives" — calling it our "our Pearl Harbor, our 9/11 moment."

Go deeperArrowUpdated 48 mins ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 1,341,907 — Total deaths: 74,476 — Total recoveries: 275,851Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 364,723— Total deaths: 10,781 — Total recoveries: 19,346Map.
  3. 2020 update: Wisconsin governor orders in-person primary voting delayed until June.
  4. States latest: West Coast states send ventilators to New York and other states with more immediate need — Data suggest coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
  5. World update: U.K. Prime Minister Boris Johnson moved to intensive care as coronavirus symptoms worsen.
  6. Stocks latest: The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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