Quick takes
/Alibaba to live stream September Fashion Shows
IMG, the owner of New York Fashion Week, has announced plans to partner with Alibaba Group’s Tmall to live stream all IMG’s September shows and digital content in China. This seems to be the future of live events – at least for the time being.
Germany lists trade shows as essential travel
This does not allow trade show attendees to by-pass local quarantine requirements, but it is an important step towards recognising the vital role that trade shows play in restarting economic activity.
Alibaba may pump US$3b into Grab
Since March 2018, Uber has owned 27.5% of Grab. Alibaba may spend some of its proposed US$3 billion investment in Grab to buy shares from Uber. Alibaba will apparently be the sole investor in this funding round.