Tag Archives: food delivery

Walmart’s purchase of Mexico food delivery app set to spur e-commerce

09 September, 2018 9:44 am 9:44 am

MEXICO CITY (Reuters) – Walmart Inc will acquire Latin American food delivery service Cornershop for $225 million, it said in a move to ramp up its online grocery business in Mexico and Chile. The deal mirrors Walmart’s growing investments and tie-ups in online delivery services across the globe, as it aims to compete with Amazon.com … Read More

Alibaba merging China food delivery units to counter Tencent-backed Meituan

08 August, 2018 10:40 am 10:40 am

HONG KONG (Reuters) – Alibaba Group  plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-demand services market, four people told Reuters. The Alibaba units to be merged include food delivery platform Ele.me and food and lifestyle services … Read More