Daily Archives: January 15, 2014

Getty Images

There’s an interesting note on François-Henri Pinault’s official bio page on the Kering website.Aafter a the usual title/school/professional background stuff, the last line is: “He takes a personal and professional interest in sustainability and the development of e-business.”

It’s the last bit that struck me, given that on Tuesday M Pinault (left, with wife Salma Hayek), through his holding company Artemis became a meaningful investor in Square, the mobile payments company started by Twitter guy Jack Dorsey.

M Pinault was staying mum about the private share purchase, but it makes sense to me on many levels, besides the obvious one above. And I think it may hint at some tantalising possibilities for the future. (Tantalising to speculate on, anyway.)

 

Sarah Mishkin

China’s mountainous Guangxi Zhuang Autonomous Region has little of the wealth and fast development of the places in China foreigners have already heard of, but on one key measure of economic development, Guangxi is winning — the growth rate of spending online.

Online shopping throughout China is expanding fast – far faster than the US and Europe – but it’s growing particularly fast in China’s poorer regions like Guangxi, where malls are sparser and the number of people getting online for the first time is greater.