Capital Calls: U.S. jobs miss, Elon Musk goes live

they ventured further, to as far as Macau, which announced last year that mainland visitors no longer need to quarantine.

Hotel and tour bookings in the gambling hub were 20 times higher than in 2020, according to data from Chinese travel site Fliggy. Trips to the island during the holiday bounced back to 25% of 2019’s level, official data show. The renewed enthusiasm came with confidence, as China’s stringent Covid-19 controls

and vaccination rates raced to as high as 50% in big Chinese cities such as Shanghai. It’s one more sign that the patchy Chinese consumer recovery may be finally gaining steam. The British grocery business is getting a bit more chaotic. GoPuff, a $9 billion SoftBank-backed U.S. rapid delivery start-up, made its first lunge across the Atlantic,UK-based delivery rival Fancy for an undisclosed price.

The money is primarily destined for warehouses and sourcing products directly from suppliers like Reckitt Benckiser, which are then sold at hefty markups. The business model still needs proving, and theis fierce. There are at least 10 delivery players operating in Europe, plus Uber Technologies and supermarkets. DoorDash and Amazon.com are prowling Europe for potential acquisitions too. GoPuff’s Fancy deal is a mere appetiser for what’s to come.

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