Nov 11, 2018 · 4 MIN READ
Sears, the original everything store that once was one of the largest retailers with more than 125-year history, filed for bankruptcy protection. Today, Sears is drowning in $5.5 billion of outstanding debt.
Mar 11, 2018 · 2 MIN READ
China’s legislative body, the National People’s Congress, has voted overwhelmingly to remove presidential term limits from its constitution, giving President Xi Jinping “the right to remain in office indefinitely.” The vote was widely regarded as a rubber-stamping exercise. Two delegates voted against the change and three abstained, out of 2,964 votes.
Mar 5, 2018 · 2 MIN READ
Tariffs are a political tool that has been used throughout history to restrict the flow of imports into a country. A defiant President Trump tweeted on Friday, March 2, 2018, “trade wars are good, and easy to win”. China has clearly indicated that if necessary they will take action.
Feb 11, 2018 · 3 MIN READ
There has never been a company quite like Amazon. The company that once started as an online bookstore has reinvented itself time and again. It now sells almost everything. It is changing the way we read, shop, and compute.
Feb 09, 2018 · 2 MIN READ
Amazon is testing FREE two-hour grocery delivery service to its Prime members who pay for Amazon’s $99-a-year Prime membership through Prime Now fast delivery program. Amazon said Prime customers can enjoy free 2-hour delivery for orders over $35 from Whole Foods Market.
Feb 27, 2018 · 3 MIN READ
It is no secret that Amazon has been dominating the online retail sales in the US. Walmart is looking to make a bigger splash in e-commerce market in 2018. Immediately after Amazon acquired Whole Foods in 2017, Walmart announced to acquire online men’s fashion retailer Bonobos for $310 million. Walmart even changed its official name from ‘Wal-Mart Stores’ to ‘Walmart’, reflecting its increase emphasis on e-commerce.
Jan 23, 2018 · 4 MIN READ
Amazon Web Services that was launched in 2006 generates well over $10 billion in revenue annually. Amazon could soon become an operating system for all e-commerce businesses. Amazon stock gained 58% in 2017. At the rate it is growing and expanding, it could be a trillion dollar company in just a few years from now.
Jan 4, 2018 · 3 MIN READ
Google closed 2017 as the second most valuable company in the world. In 2013, Google acquired Waze for more than $1.1 billion. In 2010, Google acquired online photo editing app Piknik only to kill it a year later. Over years, Google has bought many other small competitors and then let them die, which is why Google is undoubted king of the internet.