The decision, while not financially significant for either company, shows how the online retailer has gone from a sought-after customer to a direct competitor of FedEx. Source: NYT > Business – Michael Corkery
Food Delivery Apps Are Drowning China in Plastic
The noodles and barbecue arrive within 30 minutes. The containers they come in could be around for hundreds of years thereafter. Source: NYT > Business – Raymond Zhong and Carolyn Zhang
With Interest: The Week in Business: A Facial Recognition Ban, and Trade War Blues
Also: Worries about another war, and the continuing crisis at Boeing. Source: NYT > Business – ZACH WICHTER
Amazon to Invest in Deliveroo, a Rival to Uber in Food Delivery
The $575 million investment strengthens one of the biggest overseas rivals to Uber’s food-delivery division, which the ride-hailing company considers a key business. Source: NYT > Business – MICHAEL J. de la MERCED
Luckin, an Unprofitable Chinese Rival to Starbucks, Seeks U.S. Money
A successful initial public offering by the fast growing, big spending coffee company would buck the recent trend of weakness among tech start-ups in China. Source: NYT > Business – ALEXANDRA STEVENSON
Amazon Will Pay Workers to Quit and Deliver Packages
The retailer said it would pay up to $10,000 in start-up costs and three months’ pay to any interested employee. Source: NYT > Business – NIRAJ CHOKSHI