War Chest: Web Giant and Investors Bellies

war chest: It also means investors' bellies will remain empty for the foreseeable future, according to Global Times China. London-based Deliveroo, whose panting cyclists have become a fixture in the British capital's affluent neighborhoods, on Friday announced it had raised 575 million from investors led by the 940 billion web giant. Amazon's investment in loss-making Deliveroo, which operates in 500 European and Asian cities, defers the answer. American Will Shu, who founded the company after finding a dearth of quality delivery options while working as a banker in Canary Wharf, has so far raised 1.5 billion. The companies charge restaurants and diners a fee for each delivery, which helps pay for drivers. The fundraising replenishes Shu's war chest for his ongoing assault on rival Uber Eats, part of the ride-hailing group. (news.financializer.com). As reported in the news.