February 22, 2024
Grab Users Boost Digital Bank Adoption as Delivery, Ride-Hailing Businesses...
Singapore’s Grab reported its first-ever quarterly profit on Thursday (Feb. 22). This, despite a cautious outlook for annual sales as its ridesharing and food delivery operations in the “fertile” Southeast...
February 22, 2024
Delivery Hero Suspends Plans to Sell Foodpanda Business
Delivery Hero has ended discussions to sell its foodpanda business in Southeast Asia. The Berlin-based food delivery platform announced Wednesday (Feb. 21) that it had terminated negotiation for the deal, which would have...
February 22, 2024
Uber Eats Takes Its Robot Delivery Show on the Road
As on-demand delivery aggregators look to automation to reduce labor costs, Uber sees the opportunity to roll out autonomous sidewalk robots in dense cities worldwide — but only for certain...
February 21, 2024
Marc Lore’s Wonder Opens in Walmart as Supermarkets Seize Restaurant...
Wonder is opening a store-in-store within a Walmart, a move that comes as grocery retailers increasingly seek out opportunities to capture more of consumers’ mealtime spending. The omnichannel food hall...
February 15, 2024
Report: Sen. Marco Rubio Asks SEC to Block Shein IPO
Sen. Marco Rubio, R-Fla., is reportedly asking the Securities and Exchange Commission (SEC) to prevent fast fashion platform Shein from its bid to list publicly in the U.S. market. The senator...
February 14, 2024
Uber, Lyft, and DoorDash Drivers Stage Nationwide Strike for Fair...
On Wednesday, drivers for Uber Technologies, Lyft, and delivery workers for DoorDash united in a nationwide strike, demanding fair pay and improved working conditions. The protest, organized by various driver...
February 13, 2024
GoTo Denies Report of Merger Talks With Grab Holdings
GoTo has denied that it is in merger talks with Grab Holdings. The company said in a Tuesday (Feb. 13) filing that it “is not having any discussion on such matters,” Reuters reported Tuesday. Bloomberg reported Friday (Feb....
February 12, 2024
Misfits Market CEO: D2C Perishables Brands Increasingly Seek Plug-and-Play Fulfillment
As direct-to-consumer (D2C) brands increasingly look for ways to cut costs amid ongoing economic challenges, Misfits Market is noting the opportunity to drive more revenue from its existing fulfillment capabilities....
February 12, 2024
Rideshare, Delivery Drivers to Strike on Valentine’s Day
An organization representing rideshare drivers and delivery workers is organizing a strike on Valentine’s Day (Wednesday, Feb. 14). Justice for App Workers is calling on drivers to not take rides to...