Amazon competitor Jet gets $140M in latest round of funding

Start-up company, though it hasn't officially launched yet, has received $140 million in its latest round of funding, putting its value at close to $600 million. And what is Jet founder Marc Lore, former leader of Quidsi, planning on doing with all the money? Take on e-commerce giant Amazon by offering products for delivery not as quickly as the established retailer, but at a lower price. Story

Suggested Articles

Costco changes up its menu items, and Alibaba and Guess partner for a physical store.

Janey Whiteside, Walmart's new chief customer officer, is well acquainted with the importance of customer service in modern retail.

Whole Foods will offer deals on Amazon's Prime Day, and tariffs against China are causing pricing hikes.