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Alibaba's Ele.me acquires food delivery unit of Baidu

Indiaretailing Bureau -
Alibaba-backed Chinese food delivery firm Ele.me will take over the food delivery unit of search engine giant Baidu for US $800 million. In a short statement announcing the news, Baidu said that Xiaodu is now a subsidiary of Rajax and...
Food

Retail Mantra: Look to customers, not investors

Alagu Balaraman -
It is quite likely that most e-commerce start-ups being hatched in coffee shops of Bangalore – which are based on general merchandise retail – are already doomed. They need to search out new areas to service new customer needs...
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In FocusAbhisar Narula -

The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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