VENTURE CAPITAL POST

A report by Reuters said the financial crisis had shifted consumer spending habits in the UK from making bulk purchases in superstores to frequent small purchases in nearby small shops, prompting major grocers to change focus of their capital investment to the new consumer trend to attract potential investors.

Lazada, the "Amazon of Asia" has raised USD250 million from Rocket Internet to mainstream the company's position as the largest online retailer in Southeast Asia.

Tesco Plc said that any deals that would take place in China would be funded through its new retail venture with China Resources Enterprise Ltd.

Tesco would lend Yucaipa investment firm GBP80 million to take Fresh & Easy stores off its hand.

Retailer Tesco would try to compete in the digital downloads market through the release of its own iPad-like tablet computer.

Sainsbury would be launching its own mobile phone service called "Mobile by Sainsbury's".

The government of India may allow foreign retail stores such as Walmart and Tesco to come into the industry without any of those conditions given that their multi-brand retail venture is less than 50%.

Tesco stops orders from Bangladeshi supplier after finding structural defects in its factory.

Walmart and Tesco are restricted to acquire existing Indian retailers because of the new policy set by the Indian government stating foreign companies should start from scratch.