DoorDash to create websites for restaurants’ online food ordering

NEW YORK (Reuters) – Food delivery company DoorDash will announce on Thursday a service to help restaurants build their own websites for online ordering so they do not have to pay marketing commissions to the platform itself.

Restaurants will also not have to pay most fees for the new DoorDash Storefront service through the end of the year, providing some relief to a ravaged industry as it starts reopening in some areas, DoorDash’s Chief Operating Officer Christopher Payne told Reuters exclusively.

Commissions as high as 30% paid to delivery companies – including Grubhub Inc, Postmates and Uber Technologies Inc’s Uber Eats – are a sore spot for some cash-strapped mom-and-pop restaurants.

The fees, especially those charged for marketing, are under increasing scrutiny, with deliveries rising as people have stayed home to stem the spread of the coronavirus.

DoorDash waived commissions over the last couple of months and provided other relief

Read More

India’s Reliance launches JioMart online grocery service, challenging Amazon, Flipkart

NEW DELHI (Reuters) – Reliance Industries Ltd (RELI.NS) has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling’s (AMZN.O) local unit and Walmart Inc’s (WMT.N) Flipkart in the huge Indian market.

FILE PHOTO: A woman checks her mobile phone as she walks past a mobile store of Reliance Industries’ Jio telecoms unit, in Mumbai, India, July 11, 2017. REUTERS/Shailesh Andrade

JioMart will deliver groceries in more than 200 towns across the country, Damodar Mall, chief executive of grocery retail at the Indian conglomerate, said on Twitter late on Saturday.

Mumbai-headquartered Reliance has not announced JioMart’s launch at a time it is selling $7 billion in new shares.

Reliance launched a small pilot of JioMart deliveries in select areas of the Indian financial capital Mumbai late last month, days after announcing that Facebook

Read More

Alibaba’s sales surge as people shop online during lockdown

(Reuters) – Alibaba Group Holding Ltd (BABA.N) on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the coronavirus lockdowns.

FILE PHOTO: A logo of Alibaba Group is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS/Jason Lee/File Photo

As people stayed indoors and brick-and-mortar stores remained shut during the health crisis, online orders surged, with the company’s core commerce business rising nearly 19% to 93.87 billion yuan ($13.16 billion) in the quarter.

Revenue at its cloud computing business rose about 58%.

Alibaba CFO Maggie Wu said the results contrasted with the company’s guidance from the previous quarter, when it had predicted a drop in revenue.

“I’m pleased to report we reported better than expected March quarter results,” she said.

With China’s economy starting up again much ahead of major economies in Europe and

Read More

Pinduoduo beats revenue estimates as online shopping demand soars

(Reuters) – China’s Pinduoduo Inc beat first-quarter revenue estimates on Friday as more people shopped on its e-commerce platform during coronavirus lockdowns that have shut most brick-and-mortar outlets.

FILE PHOTO: A display at the Nasdaq Market Site shows a message after Chinese online group discounter Pinduoduo Inc. (PDD) was listed on the Nasdaq exchange in Times Square in New York City, New York, U.S., July 26, 2018. REUTERS/Mike Segar

Stay-at-home orders have boosted demand for online shopping as people stock up on groceries and food items from home and sellers too turn to online platforms to run down inventories.

The growth rate of active buyers in the 12 months ended March remained robust, reaching 628 million, representing an increase of 42% year on year. It took PDD only five years to raise the number above 600 million, further narrowing the gap with competitor Alibaba Group that reported on Friday that

Read More