Alibaba Group, China’s most valuable company with a market capitalization of $800+ billion, is paying $3.6 billion to gain more control of Sun Art Retail Group, which operates 480+ large supermarket stores. As in the U.S. and elsewhere, COVID-19 has seen many consumers shift to online shopping for food and other essentials. In 2017, Alibaba acquired a 36 percent stake in Sun Art for about $2.9 billion. With the latest purchase, Alibaba will own about 72 percent of the company and is positioned to compete with Walmart. Read more

During the holiday season, to pump up motion picture theater attendance, Comcast’s Universal Pictures is trying a new distribution model — releasing more movies and making them available sooner for online rental. On December 4, it will release “All My Life” to U.S. theaters, the eighth film slated for domestic release by the end of 2020. That’s almost double its releases during the same period in 2019, and far more than other Hollywood studios. Meanwhile, AMC is offering its theaters for rent, starting at $99.

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Belgian investigators are scrutinizing the Belgian-based Interactive Advertising Bureau (IAB) Europe, which they say is responsible for how its members buy, sell and use individuals’ data in digital ads. According to their internal report, Google and other major online advertisers are violating Europe’s General Data Protection Regulation in its auctions. The investigation was prompted by complaints against the use of personal data in the real-time bidding (RTB) component of programmatic advertising. Read more

In the European Union, 25 countries pledged to provide up to €10 billion over the next seven years to build a cloud computing service to compete with Alibaba, Amazon and Google. Dubbed the European Alliance on Industrial Data and Cloud, the partnership will draw funding from existing EU programs and debut by the end of 2020. EU internal market commissioner Thierry Breton stated the declaration is a “foundation stone for the establishment of European cloud technology.” Cyprus and Denmark are the only two EU holdouts. Read more

As anticipated, the U.S. Department of Justice has filed an antitrust lawsuit against Alphabet’s Google, accusing the company of “unlawfully maintaining monopolies” involving its search and related advertising services. The DOJ is also questioning the terms of Google’s Android operating system, which the Department believes essentially forces phone makers to pre-load Google apps and set Google Search as a default feature. The concern is that the practice unfairly hinders competition and enables Google to generate significant revenue from its search-related advertising business. Read more