A $20-billion fund-raising spree may take India’s Reliance closer to its dream of becoming a digital giant, further threatening the plans of US companies such as Amazon.com, Walmart and Zoom.
Browsing: Retail and e-commerce
Having long lagged behind much of the world in terms of e-commerce, South African retailers have been doing a roaring trade online as consumers shy away from shops during the Covid-19 pandemic.
Google has agreed to buy a $4.5-billion stake in Jio Platforms, the digital arm of Reliance Industries, adding to a series of large investments from the US into the online venture.
Uber said on Monday it would buy Postmates in a $2.65-billion deal, looking to expand its reach into the food-delivery market as the coronavirus crisis upends its core ride-hailing business.
Prosus is in talks to increase its stake in iFood, Latin America’s biggest food delivery start-up, amid a wave of consolidation in the industry, people with knowledge of the matter said.
Uber Technologies is in talks to purchase food delivery service Postmates for about US$2.6-billion, Dow Jones reported, citing people familiar with the matter.
President Cyril Ramaphosa said a new continental online platform will help African countries to access critical medical supplies needed to fight the Covid-19 pandemic.
Amazon.com will hire 3 000 people in customer service in South Africa this year, the e-retailing and cloud computing giant said on Thursday.
Just Eat Takeaway.com said on Wednesday it had agreed to buy US peer Grubhub in an all-stock deal that, if completed, would create the world’s largest food delivery company outside China.
In many African countries, measures put in place to slow the spread of Covid-19 have made it harder for people to access affordable, nutritious foods. Tech entrepreneurs are stepping into the breach.