Walmart Announces a New Direction to its eCommerce Strategy
The retail giant announced that it will integrate Jet.com’s technology, marketing, analytics, retail, and product teams into its online business on Walmart.com.
As part of its new eCommerce strategy Walmart stated that Jet’s President, Simon Belsham, will be leaving the company in August.
Walmart acquired Jet.com in 2016 for $3.3 billion.
Volvo Announces Updates to its Collaboration with Uber
Volvo announced in a company press release that it has jointly developed a self-driving car that will use Uber’s self driving system.
Both organizations entered into a joint engineering agreement in 2016 that expects to deliver autonomous vehicles in the early 2020s.
Symphony Announces New Funding
The team collaboration platform announced that it has raised $165 million in new capital.
The funds are expected to help drive global growth, evolve its market solutions business, and invest in workflow automation.
The Palo Alto-based company stated that it has over 430,000 licensed users from more than 60 countries.