Chinese courier STO Express has sold a stake to Alibaba, China’s largest eCommerce player. According to a report in Reuters, Alibaba is paying $693 million for a 14 percent stake in STO, marking the fourth time Alibaba has made a big investment in a China-based...
Imagine getting paid to go home. (Really, take a moment and do so. Feels nice, right?) Now, imagine not only getting paid to go home, but doing so in a way that pleases one’s employer, neighbor, girlfriend’s boss or the person on the other end...
In India, food delivery done via app is perhaps leading to a shakeout in a build vs. buy debate that near term may settle on “buy.” First thing first, and that’s the size of the pie. The overall food delivery market may be worth as...
Uber Eats, the food delivery business of Uber, is gearing up to sell its Indian operations to Swiggy, a rival food delivery company in the country. According to a report in The Economic Times citing three people privy to the development, the transaction is expected to close...
It was easy for restaurants to get lured into a false sense of security as they watched during the early days of the great digital shift in retail. “Restaurants aren’t Amazon-able,” Olo CEO Noah Glass told Karen Webster, according to the prevailing opinion. Food, particularly prepared food,...
Travis Kalanick, the Uber co-founder, is busy with his next venture, reportedly working behind the scenes to create a network of food delivery kitchens around the world. According to a report in The Financial Times, the new venture is called CloudKitchens. Kalanick is recruiting some of...
Swiggy, a food delivery app in India, will be rolling out a new feature called “Swiggy Stores,” which will include general deliveries of grocery and other items beyond just food, according to a report in TechCrunch. Swiggy, which has a $3.3 billion valuation and calls Tencent...
Walmart and Deliv, the logistics startup, have ended a same-day grocery delivery partnership, which is seen as a blow to Walmart’s efforts to take on Amazon in bringing groceries to consumers via speedy delivery. According to a report in Reuters citing two people familiar with the...
British restaurants hit a milestone in 2018 — the number of insolvent ones hit an all-time high, and has even doubled since 2010, according to report by Reuters. According to a study by the accountant firm Price Bailey, restaurants are struggling because of the proliferation...
