posts full-year profit The ecommerce marketplace cut marketing expenditure over the year to drive profit growth, instead targeting its most loyal customers. Notonthehighstreet named Barrie Seidenberg as its new CEO earlier this year. Read more.

Alibaba to sell Kroger products on Tmall The deal, which will see Kroger's Simple Truth line of products stocked on Alibaba's Tmall platform, represents Kroger's first overseas move. The retailer is the latest in a series of firms to partner with Chinese tech companies to enter the market. Read more.

Facebook acquires video tech firm Vidpresso The company specialises in creating interactive effects, features and tools for use on videos. The move will expand the suite of tools Facebook can offer users in a bid to grow engagement with videos on the platform. Read more.

FiveAI to begin autonomous car trials in London in 2019 The UK-based driverless car startup will offer services to travellers in the London boroughs of Bromley and Croydon by late 2019. The announcement follows a $35m funding round to support the development of the vehicles. Read more.

Saudi fund said to be potential backer for delisted Tesla Last week Tesla founder and CEO said in a tweet that funding had been secured to take the electric car company private. It is reported that a Saudia Arabian sovereign wealth fund may be one of the potential investors in such a transaction. Read more.

Grocemania grows presence in London with string of new partnerships The super fast delivery service is in the midst of a London-wide expansion project. It has signed on with a number of independent retailers, offering one-hour deliveries from their stores. Read more.