From the ashes, Amazon builds a grocery business

The online grocery start-up Webvan may have been the single most expensive flame-out of the dot-com era, blowing through more than US$800 million (HK$6.2 billion) in venture capital and IPO proceeds in just over three years before shutting its doors in 2001.

Twelve years later, though, Webvan is rising from the dead - in the form of an online grocery business called AmazonFresh.

via Business feed http://www.scmp.com/business/companies/article/1262700/ashes-amazon-builds-grocery-business