Sunday, May 3, 2020

Bullish Amazon, Flipkart to lease 3 million sq ft of warehousing

E-commerce majors expect demand to surge after the crisis ends and will have new facilities by the year end as they expand their footprint in India https://ift.tt/3c49Yue https://ift.tt/eA8V8J

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Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third straight quarter of losses amid a food delivery price war (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal : Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third st...