Mega retailers battle to survive as e-commerce booms in China

By Adam Jourdan SHANGHAI (Reuters) – It took China's biggest retail chain Suning all last year to generate sales of about $17 billion. Last month, e-commerce giant Alibaba saw sales worth more than half that amount pass through its Tmall website in just one day. Big retailers like Suning Commerce Group Co Ltd and foreign rivals Wal-Mart Stores Inc and Best Buy Co Inc are struggling to attract customers to their traditional stores in China, where online shopping is booming

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After record IPO, Alibaba eyes first bond sale

By Danielle Robinson NEW YORK (IFR) – Chinese e-commerce giant Alibaba will sound out investors next week in Asia, Europe and the US as it mulls its first bond ever, just two months after the company's record-breaking IPO. Alibaba, which this week logged US$9 billion of sales on a single day, will kick off a roadshow in Boston and Hong Kong on Monday for what will surely be one of the most sought-after bond offerings of the year.

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EU mulls conferring binding powers on body of data privacy regulators

By Julia Fioretti BRUSSELS (Reuters) – A new body of European data protection authorities could have the power to adopt legally binding decisions in cross-border disputes over a company’s misuse of personal data, according to a draft document seen by Reuters. Under a mechanism originally proposed in reforms of Europe’s data protection laws, businesses operating across the 28-nation European Union would have to deal only with the data protection authority in the country where they are headquartered – even if alleged mishandling of data affects citizens in another country.

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