Retail Roundup—Best Buy's connected home service; Alibaba's U.S. network

Alibaba launch ceremony
Alibaba is launching a U.S. network for its Taobao site.

Best Buy launches connected home for seniors

Best Buy introduced a smart home service for seniors in the Twin Cities this week. The service, called Assured Living, is aimed at helping adult children check in remotely on their aging parents. Following a free in-home assessment, Geek Squad workers install custom-built systems to enable families to receive information or alerts on smartphones. (Star Tribune)

Alibaba launches U.S. network

China’s e-commerce giant Alibaba has announced the launch of a U.S. business network that connects small manufacturers to U.S. companies already selling to Chinese consumers on Taobao. The Taobao Global U.S. Merchants Network has more than 300 members and is aimed at bringing small and medium-sized enterprises onto its e-commerce platforms. (South China Morning Post)

65% of retailers sell on Amazon, yet consider it a competitor

According to a new report from SLI Systems, many retailers consider Amazon a friend and a competitor. While 65% of these retailers rely on Amazon for profitability and visibility, they also worry that Amazon could use their sales data to compete with them. (PR Newswire)

True Value considering sale for $800M

True Value is considering a sale that values the retailer at $800 million. The company is reportedly working with an investment bank to analyze all options, including a sale, but the company would not officially comment. (Bloomberg)