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Tesco sold its stake in Lazada—totalling 8.6%—to Alibaba for $129 million. [38] Alibaba based its investment on the growth of the middle class in Southeast Asia, having estimated that the regional population with a disposable income of $16 to $100 a day would double to 400 million people by 2020.
Tesco also purchased the restaurant and cafe chain Giraffe for £48.6 million. [45] Tesco trollies. In 2015, Tesco confirmed the sale of its Blinkbox on-demand video service and its fixed-line telephone and broadband business to TalkTalk. [46]
The ECU was the official monetary unit of the EMS, but it was purely a composite accounting unit, not a real currency. The ECU's value was based on the weighted average of a basket of 12 European currencies; the Austrian schilling, Belgian franc, German mark, Spanish peseta, French franc, Finnish markka, Greek drachma, Irish pound, Italian lira ...