The e-commerce firm announced on Monday that it had partnered with Adani Logistics to build a 534,000 square-foot fulfilment centre at the latter's upcoming logistics hub in Mumbai that will be leased to Flipkart.
With the new acquisition, the Chennai-based Samunnati is expected to increase its outreach to new farmer producer organisations (FPOs), small traders, farmer aggregators, and agri SMEs across the country
In this two-pronged partnership, Flipkart will work with Adani Logistics Limited, the largest diversified end-to-end logistics service provider in the country and a wholly-owned subsidiary of Adani Ports and Special Economic Zone Limited, to strengthen Flipkart's supply chain infrastructure and further enhance its ability to serve its rapidly growing base of customers.
Over 100 companies have voluntarily withdrawn applications to list on Shanghai's STAR Market and Shenzhen's ChiNext since Ant's termination of its initial public offering (IPO) in November, according to Reuters review of exchange filings.
The development comes close on the heels of reports of data breaches at organisations like MobiKwik, Facebook and LinkedIn.
We are more than 10 years into a technology gold rush that in some corners makes absolutely no sense. If and when the zaniness fades, people could lose a fortune.
It’s a sign of how odd China’s crackdown on the power of big tech has been compared with the rest of the world.from Technology News, Latest Gadget Reviews, Gaming & Tech Videos | Times of India https://ift.tt/o3b1NzK
