COLOGNE, Germany (Reuters) – Germany’s second-biggest supermarket group REWE is investing heavily in grocery ecommerce even though it does not expect to turn a profit soon, as it braces for Amazon to expand its food delivery service.
The logo of Alibaba Group is seen inside the company’s headquarters in Hangzhou, Zhejiang province early November 11, 2014. Alibaba Group Holding Ltd said about $2 billion worth of goods were sold on the e-commerce giant’s websites within the first hour and 12 seconds of its annual shopping festival.
Eugene Kaspersky, chairman and CEO of Kaspersky Lab, answers a question during an interview in New York in this file photo taken March 10, 2015.
Employees of Snapdeal, an Indian online retailer, sort out delivery packages inside their company fulfilment centre in Mumbai October 22, 2014.
The logo of Alibaba Group is seen inside the company’s headquarters in Hangzhou, Zhejiang province early November 11, 2014. Alibaba Group Holding Ltd said about $2 billion worth of goods were sold on the e-commerce giant’s websites within the first hour and 12 seconds of its annual shopping festival.
Ellen Pao walks to a courtroom in San Francisco Superior Court in San Francisco, California February 26, 2015.