Market trends and business perspectives
Uber Technologies has completed the acquisition of delivery robot startup Postmates in an all-stock transaction.
The two companies have begun the process of integrating US operations.
The transaction brings together Uber’s global Mobility and Delivery platform with Postmates’ business in the US to strengthen the delivery of food, groceries, essentials, and other goods. [Read more…] about Uber completes acquisition of delivery robot startup Postmates
Shopify shares have skyrocketed to all-time highs over the past few weeks, largely as a result of its new partnership with Walmart. Shopify is the first online commerce platform partner that Walmart has signed such a deal with.
The agreement, agreed in June, allows Shopify – which bought warehouse robot maker 6 River Systems last year for $450 million – to put 1,200 of its merchants into Walmart’s marketplace
Walmart is America’s largest retail chain, with annual revenues of more than $500 billion. The vast majority of its sales are in brick-and-mortar stores, but the company has recently been making a big push into the digital space. [Read more…] about Walmart deal helps Shopify shares skyrocket more than 300 percent
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