Aug 14, 2018

Kroger goes to China with Alibaba's help

Erica Pandey, author of @Work

A shopper at Ralphs, Kroger's California subsidiary. Photo: Robert Nickelsberg/Getty Images

Kroger is teaming up with Alibaba to sell groceries on the Chinese e-commerce giant's platform, the company announced Tuesday.

The big picture: The battle between American retailers is heating up overseas, with iconic U.S. brands all vying for massive — and rapidly growing — foreign markets. The Chinese market is the biggest of them all, and while few American companies have been able to crack it, many are partnering with China's domestic titans to try.

What's happening: Kroger's partnership with Alibaba marks the company's first step into foreign sales and is a sign that the grocer is looking to boost its online presence. Through the deal, Kroger will sell products on Tmall Global — Alibaba's marketplace for foreign brands. Kroger's stock was up about 2% on news of the Alibaba deal.

  • Last week, Walmart announced a joint $500 million investment in grocery delivery with China's other e-commerce giant, JD.com.
  • Earlier this month, Starbucks announced a massive deal with Alibaba to bring coffee delivery to Chinese consumers.

What to watch: China isn't the only market where American retailers are dueling over new customers. Two Kroger competitors, Walmart and Amazon, are going head-to-head in India and elsewhere, too.

Go deeper

Biden formally secures Democratic presidential nomination

Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.

The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 6,724.516 — Total deaths: 394,018 — Total recoveries — 2,996,832Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 1,894,753 — Total deaths: 109,042 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Public health: WHCA president says White House violated social-distancing guidelines to make reporters "a prop" — Jailing practices contribute to spread.
  4. Sports: How coronavirus could reshuffle the sports calendar.
  5. Jobs: Better-than-expected jobs report boosts stock market.
  6. Media: The Athletic lays off 8% of staff, implements company-wide pay cut.

Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.