The Stack: China Eases Crackdown on Alibaba, while Retailer Brings BNPL to Europe

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This week: China to take “golden shares” of Alibaba as the e-commerce giant ventures into BNPL.

Alibaba dominated headlines early this week, with reports that China was set to take shares of roughly 1% in the Hangzhou-based firm, alongside rival Tencent. Later reports that Alibaba plans to introduce Buy Now Pay Later to European customers indicated an attempt from the retailer to boost sales outside of China.

On the topic of Europe, EU Commissioner Ursula von der Leyen revealed plans to “make Europe the home of clean tech” at the World Economic Forum in Davos. Meanwhile, retail media platform Robinhood launched its independent media brand, Sherwood, which will produce analysis on newsletters, social media, and more.

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