Welcome to Five at Five, your late look at the day’s payments and commerce news. Coverage includes a discussion of the real value of Amazon Prime, and why Walgreens sees new profit in China. Alibaba has a new idea about fashion, Visa has a new path in Kuwait and there is new information about the impact of tariffs.
Reason Investments believes Amazon could charge more for its service and set a “long-run price of Prime to $600,” the firm wrote.
The company completed an agreement to acquire a 40 percent stake of Sinopharm Holding GuoDa Drug Store. Walgreens received the stake in the Chinese pharmacy chain for a capital increase of approximately $416 million.
The concept store works with Alibaba’s Taobao platform and, when customers enter the concept store, they check in with a code from Taobao.
The wallet will use Visa’s token service, and KFH Chief Retail and Private Banking Officer Waleed Khaled Mandani said to the media that the tie-up will help its customers use the newest technologies for payments on the market.
Though tariffs may not be good for American retailers and consumers, according to an expert, some retail segments may be more susceptible to the effects of a so-called trade war more than others.