10 things eft’s been reading this week

Tech giants scaling up operations ... and costs

This week, as Alphabet holds a mysterious meeting with major shipping companies, it appears that the number of tech companies operating in the logistics space is going to increase yet again as a host of players hope to get a piece of the pie. However, they aren’t having it all their own way, as even the might of Amazon cannot stop increasing costs from eating into their profits and bumping the share price down, with Flipkart and Uber also seeing profitability as more of a hope at this stage. With this in mind, we take stock of some of the tech and e-commerce giants this week.

Google parent company Alphabet held a secret ‘logistics summit’ last week with reps from FedEx and other shipping companies. [CNBC] 

Amazon is making two-hour grocery delivery free for all Prime members. [CNBC]

Flipkart consolidated FY 19 revenues up by 47%, losses up by 63%. [The Tech Portal]

Ben Gordon: Amazon earnings miss highlights competition in last mile. [FreightWaves] 

Here's Why Alibaba Shareholders Shouldn't Panic. [Motley Fool]

Alibaba Promotes “Greener” 11.11 Shopping Festival, But Criticism Remains. [Jing Daily]

JD.com unveils 5G smart logistics site. [ZDNet]

Amazon recruiting its own army of drivers: Tech giant building delivery empire to sidestep Royal Mail. [This Is Money]

Is Amazon Unstoppable? [The New Yorker]

Uber Eats Hopes Drones Can Lift It to Profitability. [Wired]

Uber Freight is expanding to Canada — and it's a brilliant move to gobble up more of the trucking industry. [Business Insider]

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