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Uber loses $1 billion in quarter as costs grow for drivers, food delivery
Uber Technologies Inc reported a $1 billion loss on Thursday as the ride-hailing service spends heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company. Revenue of $3.1 billion matched the high end of the range Uber forecast for the quarter and the loss of $1.0 billion compared with the company’s forecast of $1.0 billion to $1.11 billion. (Fonte: Reuters)

Anche Alibaba e Walmart in gara per il business cinese di Metro
Secondo quanto riporta ReutersMetro si aspetta almeno otto offerte nel secondo round dell’asta per la vendita della quota di maggioranza del suo business cinese. Vendita che potrebbe fruttare al colosso tedesco della grande distribuzione fino a 2 miliardi di dollari.  Il gigante del commercio elettronico Alibaba Group starebbe lavorando a un’offerta insieme alla Rt-Mart International di Taiwan, ma della partita potrebbe essere anche il leader mondiale della grande distribuzione Walmart. (Fonte: Retail Institute Italy)

Alibaba pumps $100 million into Vmate to grow its video app in India
Chinese tech giant Alibaba is doubling down on India’s burgeoning video market, looking to fight back local rival ByteDance,  Google and Disney to gain its foothold in the nation. The company said today that it is pumping $100 million into Vmate, a three-year-old social video app owned by subsidiary UC Web. Vmate was launched as a video streaming and short-video-sharing app in 2016. But in the years since, it has added features such as video downloads and 3-dimensional face emojis to expand its use cases. It has amassed 30 million users globally, and will use the capital to scale its business in India, the company told TechCrunch. Alibaba Group did not respond to TechCrunch’s questions about its ownership of the app. (Fonte: TechCrunch)

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