Amazon

[BlueKelah]

Amazon is setting up shop in sg. And looks like they want a piece of the retail pie in South East Asia.
For a start it is likely they will do groceries. Depending on how successful they are, the local supermarkets may get hit.
And if they were to expand locally and offer almost the same prices/products and perks as the US, is any retailer safe from them?

This follows closely after Decathalon, one of the worlds biggest sporting retailer that is growing aggressively in South East Asia using Singapore as a springboard.
So like it or not the big guys are coming.

The short answer is probably NO retailer will be safe. However retailers may still be able to sell under the Amazon banner as an amazon merchant, Amazon doesn't seem to stock much of some less common items.

I believe the food one is called Amazon Fresh for grocery delivery. Guess its sort of a disruptor company coming in. Their warehousing and logistics systems are pretty advanced and honed to perfection in USA so they will be able to ramp very fast in Singapore. With lower prices, consumer will like to click and order from them. They also have pickup points to pick up offering flexibility for those working during the day or night. Singpost likely to benefit from this.

Probably this year end rally is a good time for those ShengShiong fans to sell out and lock in profits and maybe buy some Amazon stock 

Amazon is also going into Australia / NZ market soon.

[brattzz]

i'm amazed at Amazon's fundings, really BIG funds and their vision to move into ALL areas of online retails...gosh!

eventually, we may even be paying our gov's bills (income taxes, baby bonus, property taxes) through their amazon prime discount cards!!

way to go amazon!!

[melissa_summers]

i'm amazed at Amazon's fundings, really BIG funds and their vision to move into ALL areas of online retails...gosh!

eventually, we may even be paying our gov's bills (income taxes, baby bonus, property taxes) through their amazon prime discount cards!!

way to go amazon!!

AMZN is steadily increasing stock. I guess we'll see it above 800 next year.

[CY09]

Hi Melissa_summers,

As I am unable to infer much from your one liner response on how AMZN will be above 800 next year, could you kindly elaborate more of your thoughts/reasons on how AMZN will get there?

Thanks

[BlueKelah]

Check out the post on Go Pro, didnt even bother to leave a space line before replying.

Grammatically erroneous one liner posts on american companies only on this forum.

my bet is a person paid to set up clones on forum to post, likely of asian origin.

[weijian]

From A to Z?

https://www.bloomberg.com/view/articles/...-by-amazon

[cyclone]

i'm amazed at Amazon's fundings, really BIG funds and their vision to move into ALL areas of online retails...gosh!

eventually, we may even be paying our gov's bills (income taxes, baby bonus, property taxes) through their amazon prime discount cards!!

way to go amazon!!

AMZN is steadily increasing stock. I guess we'll see it above 800 next year.

From available resources, I can not confirm whether you are bot or human. 
If you are human, please reply what is the capital of China ? 
If you do not reply, I will take you for a bot and you will be banned.

[YMPL]

The most valuable in technology companies is the founder(s). Big companies are providing excellence exit plans for startups' founder(s).

Amazon shutting down unprofitable Quidsi unit
30 Mar 2017 06:49
[SAN FRANCISCO] Amazon on Wednesday confirmed that it is shutting down its Quidsi unit, which runs websites Diapers.com and Soap.com, due to a persistent lack of profitability there.

Quidsi was an Amazon rival in the US before the online retail made a US$545 million deal in late 2010 to buy the startup.

"We have worked extremely hard for the past seven years to get Quidsi to be profitable, and unfortunately we have not been able to do so," an Amazon spokesperson said in an email reply to an AFP inquiry.

"Quidsi has great brand expertise and they will continue to offer selection on Amazon.com; the software development team will focus on building technology for AmazonFresh."

AmazonFresh lets people shop online for grocery store goods, including pet, baby and beauty supplies.

Quidsi co-founder Marc Lore went on to create another online commerce company, Jet.com, which was bought last year by Walmart for about US$3 billion in a move aimed at competing with Amazon.

AFP

Source: Business Times Breaking News

[cyclone]

Jeff Bezos Is Now the World's Second Richest Person

by Robert Lafranco
March 30, 2017, 4:17 AM GMT+8

Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person.

Bezos, 53, added $1.5 billion to his fortune as Amazon.com Inc. rose $18.32 on Wednesday, the day after the e-commerce giant said it plans to buy Dubai-based online retailer Souq.com. Bezos has a net worth of $75.6 billion on the Bloomberg Billionaires Index, $700 million more than Berkshire Hathaway Inc.’s Buffett and $1.3 billion above Ortega, the founder of Inditex S.A. and Europe’s richest person.

More details in https://www.bloomberg.com/news/articles/...azon-surge

[YMPL]

Amazon tried to reduce process cost at every corner. It is a formidable competitor to all retailers.

Amazon acquires right to buy stake in fuel cell maker Plug Power
05 Apr 2017 19:37
[SAN FRANCISCO] Amazon.com Inc has acquired the right to buy up to 23 per cent of hydrogen fuel cell maker Plug Power Inc, in a deal giving the retailer powerful batteries that promise to speed up work in its warehouses, Plug Power said on Wednesday.
...
REUTERS