Rappi Affiliates 150,000 with IMSS
Rappi, a Colombian-origin delivery platform and service aggregator, announced that by the end of July, it had affiliated 150,000 delivery personnel with the Mexican Social Security Institute (IMSS) through a pilot program launched at the beginning of the previous month to comply with labor reform regulating digital platform employment.
The reform stipulates that workers earning equal to or more than the minimum wage will have all labor rights recognized by law, including full IMSS and Infonavit affiliation, workplace accident coverage, medical and maternity coverage, advanced age and retirement severance, disability and life insurance, childcare, and social benefits.
Proteak Uno Receives 3-Month Extension
Proteak Uno, Mexico’s sole publicly-traded forestry company, was granted a 90-day extension in the conciliation process with creditors to submit recognition requests to the conciliator as part of its commercial bankruptcy process.
This decision was made by the First District Court of Mercantile Bankruptcies with residence in Mexico City and jurisdiction over the entire Mexican Republic. Proteak Uno committed to keeping stakeholders, investors, and the general public updated on any significant progress related to this process.
The bankruptcy declaration stems from a lawsuit filed by transport company Comercial en Fletes México (CFM).
Spotify to Raise Prices
Spotify, the Swedish music streaming service, plans to increase prices while investing in new features and aiming for 1,000 million users.
In early August, Spotify announced it would raise the monthly price of its individual premium subscription in certain markets starting September, seeking to improve profit margins.
The price will go up to 11.99 euros (approximately 14.05 USD) from 10.99 euros in markets including South Asia, Middle East, Africa, Europe, Latin America, and Asia-Pacific.
Walmart Expands Online Business in Mexico
Walmart, the retail chain, intends to expand its online business in Mexico using AI-driven technologies.
During April to June of this year, Walmart’s e-commerce sales grew by 25%, driven by the “Pickup and Delivery” and “Marketplace” models.
Key Questions and Answers
- What is Rappi and why is it affiliating with IMSS? Rappi is a Colombian delivery platform and service aggregator that has affiliated 150,000 delivery personnel with IMSS to comply with labor reform regulating digital platform employment. This ensures workers receive full labor rights, including social security coverage.
- What is the significance of Proteak Uno’s 3-month extension? Proteak Uno, Mexico’s sole publicly-traded forestry company, was granted a 90-day extension in the conciliation process with creditors. This allows them more time to submit recognition requests during their commercial bankruptcy process.
- Why is Spotify raising its prices? Spotify aims to improve profit margins by increasing the monthly price of its premium subscription in certain markets. This investment will also fund new features and help them reach their goal of 1,000 million users.
- How is Walmart expanding its online business in Mexico? Walmart plans to use AI-driven technologies to expand its online presence in Mexico, capitalizing on the growth of e-commerce models like “Pickup and Delivery” and “Marketplace.”
