Amazon’s announcement registered loudly in the halls of its competitors: e-commerce companies and old-line retailers that will now have to start investing just as furiously to keep up.
Amazon.com Inc. will spend $800m in the current quarter to reduce delivery times for top customers to one day from two, trying to revive its main e-commerce franchise and ward off greater competition.
Startup Phantom Auto announced an expansion into logistics, providing remote operation capability for forklifts, delivery robots and “yard truck” tractors that move trailers around warehouses.
American millennials have been accused of dooming all sorts of things: beer, golf, cereal. But the cohort is credited with reviving the once-moribund market for houseplants.
Often tagged as Africa’s Amazon.com, Jumia Technologies has been able to grow in markets largely untapped by the U.S. heavyweight, which is hampered by a lack of distribution infrastructure on the continent.
In the last decade, Ku Young Bae — a serial entrepreneur and South Korean transplant — has built Singapore’s biggest e-commerce company and fended off giant rivals like Alibaba, Amazon and Tencent.