Welcome back to our morning round-up. Here’s what you need to know before the weekend arrives.

1. Matahari Department Store’s shares up amidst controversy

Amidst controversy regarding Emirsyah Satar, the current chairman of Lippo Group’s MatahariMall.com as a potential suspect in a bribery case related to the procurement of aircrafts and engines, shares for Matahari Department Store have actually gone up 1.3% to 14,900 rupiah.

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2. As cross-border buying booms, so does Tmall global

The total number of international brands on the platform skyrocket 169% to 14,500 in 2016 from 5,400 last year. The number of product categories soared 85% to 3,700 from 2,000 over the same period.

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3. Amazon may be integrating shopping experiences into VR

Last month the company hired former Tribeca Film Festival head Genna Terranova to oversee VR projects at the company’s studio. A recent job posting shows that the company is looking for a creative director of VR to “envision the future of Amazon’s VR solutions” Variety reports. Nothing has been confirmed since then but perhaps we will be able to shop virtually on Amazon soon.

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