It’s Amazon latest move to build its own alternative to (if not yet a replacement for) UPS, FedEx, the U.S. Postal Service and other traditional shipping companies and postal services. The company already has 7,000 truck trailers and 40 jumbo jets that shuttle packages to and from 125 fulfillment centers across the world. The new delivery program is meant to help Amazon address “last mile” deliveries, or those from the warehouse to a customer’s doorstep that are often the most costly part of the delivery supply chain.
It's almost exactly 20 years to the day when Bocom International Holdings Co-the brokerage and investment banking arm of the Chinese mainland's fifth-largest bank by assets Bank of Communications-first set foot in Hong Kong as Bcom Securities Co to become one of the earliest licensed brokerages with a mainland background in the city.
JEDI, as it’s called, is a 10-year contract to build cloud infrastructure for the military. Amazon was long seen as the front-runner for the deal until Microsoft emerged as the surprise winner in October.
JD.com Chairman and CEO Liu Qiangdong said the new unit would leverage his company's access to data from every step of the e-commerce process.
Its three joint ventures -- SAIC Volkswagen, SAIC-GM and Shanghai General Motors Wuling -- all witnessed falling sales, down 9.31 percent, 15.15 percent and 27.92 percent, respectively.
It’s the latest sign of escalating competition in the market for online ordering and delivery of groceries. Amazon’s announcement Tuesday morning comes less than two months after retail giant Walmart began to roll out its free, unlimited grocery delivery service for a annual fee, undercutting Amazon, while expanding its own “click and collect” pickup services.
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It’s not clear exactly what happened to Blackman, who just opened a new Portland office for AWS Elemental last week and was planning business trips for the next few weeks, according to emails we exchanged at the end of last week. Blackman’s family is asking the company and investors to refrain from commenting publicly, but GeekWire confirmed the sad news with a person familiar with Blackman and AWS Elemental.
JAKARTA, Indonesia — Six people were killed and more than a dozen others injured as a 6.5-magnitude quake struck off Indonesia's eastern Maluku province on Thursday, an official of the national disaster management agency in Ambon, capital of the province, told Xinhua via phone.
Its responsibilities include making plans for financial development and reforms, coordinating financial policies to create synergy in regulation, drafting rules to fill regulatory gaps, and holding officials accountable for inadequate regulation, the official said.
Its shares rose 3.74 percent in Hong Kong trading on Friday, after doubling over the last 12 months.