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Never too late: Pandemic propels older US shoppers online
In November, Paula Mont did something new: The 86-year-old, who hasn’t left her New Jersey senior living community in nearly a year, went shopping – online.
Alibaba, Pinduoduo fight against China’s looming food crisis
The battle to supply 1.4 billion people with fresh fruit and vegetables is taking China’s e-commerce companies into the country’s hinterlands, where they are attempting to revolutionise centuries-old agricultural practices to secure future supply for their burgeoning online grocery businesses.
US startup bets pandemic bolstered case for cashierless shopping
A US startup selling Amazon Go-like checkout technology to retailers has raised money from investors at a US$1bil (RM4.03bil) valuation, minting a new unicorn a year into a pandemic that has helped bolster the case for automated checkout.
Special Report: Amazon documents reveal company's secret strategy to dodge India's regulators
NEW DELHI (Reuters) - It was early 2019, and senior Amazon.com Inc executive Jay Carney was preparing for an important meeting. The former press secretary to U.S. President Barack Obama, Carney was scheduled to talk with India's ambassador to the United States in Washington, D.C. In Delhi, the Indian government had just announced foreign direct investment regulations that threatened to disrupt Amazon's business in the world's second most populous country.
Amazon quietly acquires e-commerce rival Selz
Tech giant Amazon quietly purchased e-commerce platform Selz, and is keeping its plans for the Australian company close to its vest.
Lyft says cost cuts, coming ride recovery could bring third-quarter profit
(Reuters) - Lyft Inc said on Tuesday it could make an adjusted profit by the third quarter of this year despite the pandemic thanks to additional cost cuts and an expected rebound in ride-hail demand beginning in the second quarter of 2021.
Jeff Bezos, Amazon’s founder, will step down as CEO
Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step down later this year as CEO, a role he’s had for nearly 30 years, to become executive chairman, the company announced on Feb 2.
Opinion: Make Amazon and the Internet giants pay costs of Covid
John Caudwell, the billionaire founder of Phones4u, has come up with an even more provocative ploy to get Britain back on track: a huge windfall tax on online businesses that have “profiteered” from the lockdown Internet shopping boom.
All eyes on Alphabet's first-ever disclosure of Google Cloud profit
(Reuters) - Alphabet Inc will report the cost and operating profit of its Google Cloud business for the first time on Tuesday, disclosures that are expected to overshadow record overall quarterly sales for the internet's biggest platform for ads.
How do I look? SoftBank's Zozo offers tech specs to help buyers get skin tone right
TOKYO (Reuters) - Japanese online fashion retailer Zozo Inc on Friday launched skin tone measuring glasses for ordering cosmetics online, making its latest fashion tech offering as it expands beyond apparel.
