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January 13, 2018 | In Amazon’s Quest for Global Domination, India is a Success, China Not

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Amazon is taking the lead in online orders and delivery in India, but it struggles to compete with Alibaba in China.

Jeff Bezos’s message to Amazon executives has been clear: Do whatever it takes and don’t worry about the cost. The Seattle-based giant has invested billions of dollars to woo consumers in India, China and other countries in Asia and Europe.

The Wall Street Journal has an interesting video on that aspect in its article Inside Amazon’s Quest for Global Domination.

I cannot embed a non YouTube video but you can click on the above link to play it.

Amazon has made huge inroads in India but not China where it struggles to compete with Alibaba.

Amazon may not rule “everywhere” but that is the goal.

Mike “Mish” Shedlock

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January 13th, 2018

Posted In: Mish Talk

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