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Report: Alibaba to open a physical mall in China
An e-commerce giant is making a big push into the brick-and-mortar world. Alibaba, China’s largest online sales platform, is building its own shopping mall, with a goal of enriching the real-world shopping experience with technology and convenience, reported MarketWatch. -
Pep Boys makes acquisition
Pep Boys is expanding its national service center footprint in the Phoenix area. The company, a wholly-owned subsidiary of Icahn Automotive Group, has entered into a definitive agreement to acquire Advanced Auto Service & Tire Centers. Advance operates 15 service centers in Arizona, with the majority in the Phoenix area. The Advance locations will be transitioned to Pep Boys Service & Tire Centers.

