Volvo Cars to supply Uber with up to 24,000 self-driving cars

Niklas Pollard, Heather Somerville, writing for Reuters;

Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars.

Volvo XC90 from volvocars.com

From Volvo’s website, the base model XC90 T5 FWD Momentum have a $49,240 MSRP, while the top of the line 2018 XC90 T8 Plug-in Hybrid eAWD R-Design will have a $70,540 MSRP.

That’s more than $1.2 Billion in sales for Volvo in a span of 3 years (between 2019 and 2021).

Lazada expands Alibaba’s Taobao marketplace in Southeast Asia

Reuters;

Online retailer Lazada Group said it will sell select items from Alibaba Group Holding Ltd’s Taobao marketplace in three more countries in Southeast Asia, expanding the partnership between the two e-commerce firms.

Taobao Collection will be offered in Indonesia, the Philippines and Thailand in the next few weeks through Lazada’s platform, it said in a statement on Monday. Lazada began selling Taobao products in Singapore and Malaysia earlier this year.

Facebook hits 2 billion-user mark, doubling in size since 2012

David Ingram, writing for Reuters;

Facebook Inc (FB.O) said on Tuesday that 2 billion people are regularly using its flagship service, marching past another milestone in its growth from a college curiosity in the United States to the world’s largest social media network.

Chief Executive Mark Zuckerberg disclosed the number to his followers in a Facebook post. “It’s an honor to be on this journey with you,” he wrote. (bit.ly/2sefWFL)

Incredible achievement by Facebook, specially if take in consideration how fast they reach that second billionth user.