Uber buys majority stake in online grocery provider Cornershop - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Uber is buying a majority stake in online grocery provider Cornershop as the ride-hailing giant looks to expand its fast-growing delivery service

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Uber is buying a majority stake in Cornershop, an online grocery provider currently operating in Mexico, Chile, Canada, and Peru.

Mexican antitrust officials earlier this year blocked a $225 million bid by Walmart to buy Cornershop, citing concerns the retail giant could not guarantee a level playing field for rival retailers.SANTIAGO, Oct 11 - Uber said on Friday it would buy a majority stake in online grocery provider Cornershop as the ride-hailing giant moves to expand its fast-growing delivery service into the grocery store market.

The app provides delivery of "groceries to your front door in one hour" from retailers including Costco, Walmart, and Mexico's Chedraui. It charges retail chains and customers a commission for its services.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They haven't gotten their massive sexual assault of patrons dealt with, and their impotent vetting process is laughable. Zero confidence in them, millions of woman refuse to use Uber. Fix it.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines