Amazon climbed eight spots on the Global 500, continuing its remarkable growth run: Sales have jumped some $70 billion in two years. Amazon’s enormity stems from its role as the largest U.S. digital retailer, the fastest-growing part of the market. Two other major factors drive the company’s growth: Expansion abroad to markets like India and the rise of Amazon Web Services, the company’s market-leading online storage and service operation. Amazon spends heavily to boost those sales: Faster delivery, robust entertainment, and robot-enabled warehouses are part of its increasingly ambitious plans. Amazon also began a North American competition for a second headquarters.
Looking for leads, investment insights, or competitive intelligence?
News about Amazon.com
Hint: cord cutting is at record levels.
E-commerce shot up 43% last quarter.
But does President Trump or President Xi bend?
This is your Data Sheet newsletter for Wednesday, November 14, 2018.