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A ring pictured inside a Tiffany & Co. showroom. Photo: Nicky J Sims/Getty Images for Tiffany & Co.

American jeweler Tiffany & Co. will begin selling on Chinese e-commerce giant Alibaba's "Luxury Pavilion" platform on its Tmall app.

The big picture: Enticing foreign brands is part of Alibaba's broader strategy to become the "gateway to China" for companies, many of which have had limited success in China's massive market when trying to go it alone. Already this month, Alibaba has announced deals with Starbucks and Kroger.

What to watch:

  • Amazon hasn't yet been able to crack the market for luxury goods, and experts say it is unlikely to have success with high-end products anytime soon, as it's difficult to recreate the in-store experience of buying luxury online.
  • But Chinese consumers of luxury goods are typically younger than their American counterparts and accustomed to shopping online for everything. Tiffany joins Burberry, Hugo Boss, La Mer, Maserati and other high-end designers already on Alibaba's "Luxury Pavilion."

Go deeper

Inside Patch's new local newsletter platform

Illustration: Annelise Capossela/Axios

Patch, the hyperlocal (and profitable) local digital news company, has built a new software platform called "Patch Labs" that lets local news reporters publish their own newsletters and websites, sources tell Axios.

Why it matters: It follows a growing trend of journalists going solo via newsletters at the national level.

Scoop: Politico stars plot new Playbook

Anna Palmer and Jake Sherman. Photo: Alex Wong/Getty Images

Three of Politico’s biggest reporting stars plan to launch a competitor to the company’s Politico Playbook franchise, sources tell me. 

Why it matters:  Jake Sherman, Anna Palmer and John Bresnahan will launch a daily newsletter in 2021 as a stand-alone company, the sources say. In effect, they will be competing against the Playbook franchise they helped create and grow. 

Ben Geman, author of Generate
26 mins ago - Energy & Environment

Big Oil's big reckoning

Illustration: Sarah Grillo/Axios

There doesn't seem to be an oil major that's got it all figured out between the pandemic, cloudy demand and price outlooks, and the unknown path through a world getting a bit more serious about climate.

Driving the news: ExxonMobil yesterday afternoon showed the latest signs of its struggle to position itself as it announced large write-offs and a big rethink of long-term spending.