Ecommerce specialists Alibaba, DoorDash, Ocado and Shopify have steep falls in their share prices in common, but also a determination to prove they can still adapt their business models and expand.
Food delivery company DoorDash has signed an exclusive deal to build warehouses for Canada’s largest grocery chain, intensifying its competition with rival Instacart, reports Dave Lee in San Francisco.
The agreement is the first of its kind for DoorDash and the warehouses will handle delivery within 30 minutes for about 5,000-8,000 products sold under Loblaw’s President’s Choice brand. DoorDash shares are down around 58 per cent year to date and analysts say it may have more success being this kind of solutions provider than with its direct delivery business.