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Search resuls for: "Local Commerce"


13 mentions found


☆ DoorDash is trying a new way of making deliveries — and it doesn't involve gig workers
  + stars: | 2024-09-25 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +5 min
The delivery service is working with at least two local delivery providers, one in Austin, Texas, and another in Fresno, California, through its Local Commerce Service Partner Program. That's a big change from the gig workers that DoorDash and other delivery services have largely built their businesses on. Uber, Lyft, Instacart, and other delivery companies have also relied on gig workers to build their businesses, leading millions of people in the US into the gig economy. Gig workers lack many of the benefits and legal protections that employees get. The amount delivery services pay gig workers has been going up in some cities, too.
Persons: —, DoorDash Organizations: Service, Local Commerce, Business, Fresno Logistics, UC Berkeley Locations: Austin , Texas, Fresno , California, Fresno, Fresno , CA, Austin, New York City, Seattle
☆ Your next landlord may be a pro sports team
  + stars: | 2024-02-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +8 min
But team owners in recent years have turned to real estate development to bring in extra cash and drive up the asset values of their franchises. “It makes perfect sense for a team owner to play real estate,” said Propheter. “That means that team owners do have a lot of leverage,” he said. “Stadium subsidies transfer wealth from the general tax base to billionaire team owners, millionaire players, and the wealthy cohort of fans” who regularly attend games. “Generally speaking, the people who come off well are the team owners and the developers,” Zimbalist said.
Persons: ”, Geoffrey Propheter, Daniel Slim, “, Andrew Zimbalist, Louis, Harry Cabluck, Bruce Ratner, Stan Kroenke, Matthew Grimes Jr, Steve Cohen, Mark Cuban’s, Adelson, “ I’m, ” Zimbalist Organizations: New, New York CNN, Professional, Billionaire, University of Colorado Denver, Sofi, Getty, Washington Wizards, Capitals, Sweet, Smith College, Riverfront, Busch, Baltimore Orioles, Camden, Barclays Center, Nets, Los Angeles Rams, “ Battery, Atlanta Braves, Golden State Warriors ’ Chase Center, Texas Rangers, Globe, Arlington, New York Mets, Hard, Citi Field . Dallas Mavericks, Vegas Sands Corp, Management Locations: New York, North America, Inglewood , California, AFP, Washington, Alexandria , Virginia, Cincinnati, St, Pittsburgh, Brooklyn, New Jersey, ”, “ Battery Atlanta ”, Truist, Atlanta, San Francisco, “, City, Arlington , Texas, ” Cuban
☆ China food delivery firm Meituan beats revenue expectations amid economic headwinds
  + stars: | 2023-11-28 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com   time to read: +3 min
The platform, whose app provides services such as bike-sharing, ticket-booking and maps, reported June-September revenue of 76.47 billion yuan ($10.69 billion), versus 62.62 billion yuan in the same period a year earlier. Meituan posted a profit of 3.59 billion yuan versus profit of 1.22 billion yuan a year earlier. Meituan CEO Wang Xing previously flagged a tougher third quarter for the food delivery business due to macroeconomic headwinds. A Meituan delivery worker rides a scooter carrying vegetables on a snowy day in Beijing, China January 19, 2021. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsQuarterly revenue from core local commerce, which includes food delivery as well as non-food delivery service Meituan Instashopping, rose 24.5% to 57.69 billion yuan.
Persons: Meituan, LSEG, Wang Xing, Tingshu Wang, Ele.me, ChinaIRN, John Choi, Wang Huiwen, ChatGPT, Casey Hall, Christopher Cushing, Edmund Klamann Organizations: HK, REUTERS, Alibaba Group, Meituan, Microsoft, Thomson Locations: SHANGHAI, Beijing, China, Hong Kong, Southeast Asia
☆ India's PhonePe launches e-commerce app on government's open network
  + stars: | 2023-04-04 | by ( Varunvyas Hebbalalu | ) www.reuters.com   time to read: +1 min
REUTERS/Saumya KhandelwalBENGALURU, April 4 (Reuters) - Walmart Inc-backed (WMT.N) digital payments firm PhonePe Pvt Ltd launched an app called Pincode on the Indian government's open network on Tuesday to strengthen its e-commerce business. The Open Network for Digital Commerce (ONDC) was launched last year to enable small merchants and local stores across India to access processes and technologies typically deployed by large e-commerce platforms like Amazon (AMZN.O) and Walmart (WMT.N). Pincode, which will focus on hyperlocal commerce, is currently live only in Bengaluru and available on the Google Play Store and the App Store, PhonePe said in a statement. PhonePe already has an e-commerce platform, called Switch, on its app, which offers services including food delivery, grocery shopping, travel, hotel booking, retail fashion and healthcare. India's most valuable payments firm, PhonePe had raised $200 million from majority-backer Walmart in a pre-money $12 billion valuation in March.
☆ Amazon gave 'small business' and 'Black-owned business' badges to companies that were neither, report says
  + stars: | 2023-04-04 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +4 min
Amazon reportedly gave some sellers "Small Business" badges even though they were large companies, The Information reports. "Black-Owned Small Business" badges were also reportedly given to companies that aren't Black-owned. Amazon gave "Small Business" badges to sellers that are "multinational corporations with thousands of employees," The Information reported. Likewise, Amazon reportedly also gave "Black-Owned Small Business" badges to companies that were not actually Black-owned, The Information reported. And products from grass-fed beef jerky firm Chomps were given the Black-owned business badge even though its founders Pete Maldonado and Rashid Ali are not Black.
☆ DoorDash is headed to Super Bowl, pushing its on-demand grocery business again. Here are 7 key moves it is making to dominate retail delivery after conquering restaurants.
  + stars: | 2023-02-12 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +13 min
In August 2020, DoorDash launched retail delivery with chains like 7-Eleven and Walgreens. Editor's note: On Sunday, DoorDash is airing its second Super Bowl commercial to promote its grocery delivery business. Lately, DoorDash has its sights set on a new prize — dominance in retail and grocery delivery. "We have more retail stores, grocery included, than any other platform in North America today." DoorDashDoubleDashA year after launching grocery delivery, DoorDash introduced DoubleDash.
☆ Tourism is roaring back in China. But the $6 trillion consumer market is digging itself out of a deep slump
  + stars: | 2023-01-30 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
He's hopeful business improves this year – and allows Rêver to recoup the roughly 35% in revenue it lost last year. Within a retail sales slump of 0.2% to 43.97 trillion yuan ($6.28 trillion), catering sales dropped by a steeper 6.3%. He expects 7% year-on-year growth in retail sales. Hainan's recovery plansHainan, a tropical province aiming to be a duty free shopping destination, announced a goal for 10% growth in retail sales this year. That's after its retail sales fell by 9.2% last year.
☆ The 'world's coolest dictator' rounded up 60,000 people in a supposed crackdown on MS-13. A shrimp farming community is fighting back.
  + stars: | 2022-12-27 | by ( Danielle Mackey | ) www.businessinsider.com   time to read: +29 min
SISIGUAYO, EL SALVADOR — On the morning that Walber Rodriguez was arrested last May, he was just two minutes from his home in Sisiguayo, El Salvador. Outside El Salvador, Bukele is best known for adopting Bitcoin as a national currency. All around them in Sisiguayo and the surrounding Bajo Lempa valley, people were arrested with no satisfactory explanation. Residents of the Bajo Lempa who'd been touched by the arrests had begun meeting weekly at a nearby retreat center. A meeting of the Bajo Lempa families on June 17, 2022.
☆ The 'world's coolest dictator' rounded up 60,000 people in a crackdown on MS-13. A shrimp farming community is fighting back.
  + stars: | 2022-12-27 | by ( Danielle Mackey | ) www.businessinsider.com   time to read: +29 min
SISIGUAYO, EL SALVADOR — On the morning that Walber Rodriguez was arrested last May, he was just two minutes from his home in Sisiguayo, El Salvador. Outside El Salvador, Bukele is best known for adopting Bitcoin as a national currency. All around them in Sisiguayo and the surrounding Bajo Lempa valley, people were arrested with no satisfactory explanation. Residents of the Bajo Lempa who'd been touched by the arrests had begun meeting weekly at a nearby retreat center. A meeting of the Bajo Lempa families on June 17, 2022.
☆ Philadelphia’s Center City Sees Resurgence in Housing, Economic Activity
  + stars: | 2022-12-08 | by ( Scott Calvert | ) www.wsj.com   time to read: 1 min
PHILADELPHIA—This city’s downtown is showing fresh signs of renewed economic vitality, buoyed by strong housing demand, hospitality-sector growth and a return-to-work push led by employers such as Comcast Corp., despite ongoing concerns about crime. Cities across the country have struggled to rebound from the affects of the Covid-19 pandemic, when a shift to working from home hollowed out many downtown cores. Residents, business owners, workers and local commerce officials say they see clear improvement in Philadelphia’s Center City as the pandemic begins to turn a corner into its fourth year.
☆ China’s Meituan beats revenue estimates, swings to profit
  + stars: | 2022-11-25 | by ( ) www.reuters.com   time to read: +2 min
Meituan, whose services also include restaurant reviews and bike-sharing, said total revenue rose to 62.62 billion yuan ($8.74 billion) in the three months ended September, compared with analysts' average estimate of 61.79 billion yuan, according to Refinitiv data. The company swung to a quarterly profit of 1.22 billion yuan from a loss of 9.99 billion yuan a year earlier, as it pulled the brakes on heavily funding its new initiatives. Sales from new initiatives, including its community e-commerce business Meituan Select, grew by 39.7% year-on-year to 16.29 billion yuan. Revenue from core local commerce, which includes food delivery and in-store, hotel and travel businesses, rose 24.6% to 46.33 billion yuan. ($1 = 7.1615 Chinese yuan renminbi)Reporting by Yingzhi Yang and Brenda Goh;Editing by Mark Potter and Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.
☆ DoorDash is making 7 keys moves to dominate retail and grocery delivery after conquering restaurants — and creating new rivals in Instacart and Gopuff
  + stars: | 2022-10-27 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +12 min
In August 2020, DoorDash launched retail delivery with chains like 7-Eleven and Walgreens. Lately, DoorDash has its sights set on a new prize — dominance in retail and grocery delivery. DoorDash has leaned heavily into grocery, convenience-store, and retail delivery since launching these expanded services in 2020. "We have more retail stores, grocery included, than any other platform in North America today." DoorDashDoubleDashA year after launching grocery delivery, DoorDash introduced DoubleDash.
☆ German startup Gorillas is bringing its 10-minute grocery delivery to the US — and entering a fierce battle to disrupt the $100 billion online-grocery industry
  + stars: | 2021-05-26 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +7 min
Gorillas, which competes in Europe, is bringing its 10-minute delivery service to the US. Sümer believes Gorillas can break the habit of stockpiling groceries by offering US consumers on-demand delivery of "emergency" and "replenishment" groceries. He named the company Gorillas because his concept is "bold" and "authentic" just like a strong gorilla. It plans to expand to Italy in May, and also expand its delivery service to more US cities and European countries this summer. In Europe, Gorillas competes with Berlin-based Flink, Turkish delivery service Getir, and 10-minute delivery service Dija.
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