Thursday, December 2, 2021

Indian food delivery service Swiggy will invest $700M in its express delivery business Instamart, currently available in 18 cities (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Indian food delivery service Swiggy will invest $700M in its express delivery business Instamart, currently available in 18 cities  —  Swiggy, India's top food-delivery startup, will invest $700 million in its express grocery delivery service Instamart, significantly intensifying the competition …



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...