Amazon

Ticker AMZN

Today's data summary

Market closed
% change
-0.17%
Price US dollars
1861.69
Change
-3.13
As of 02:12 21 Apr 2019
Market cap. US dollars
916,050.89 million
As of 02:12 21 Apr 2019

Latest updates

Amazon's China challenge

Amazon billboard in Beijing
Getty Images

Amazon is pulling back in China. But it's not the only one. Walmart sold its China platform to JD.com three years ago. Some other big foreign firms are soft pedalling for now.

Why?

Ker Zheng, marketing specialist at Shenzhen-based e-commerce consultancy Azoya, says in Amazon's case they've got no particular competitive advantage over domestic Chinese rivals, making it hard to compete.

"There's no reason for a consumer to pick Amazon because they're not going to be able to ship things as fast as Tmall or JD," he said.

Amazon is shutting its online store in China from July, as as it downsizes operations in the country.

Read the BBC's coverage here.

Iain Taylor, who writes fake reviews, sits at his laptop

Matthew Cannon, Francesca Gillett & Patrick Evans

BBC News

Two people explain why they post made-up reviews, while psychologists deconstruct the power of the review.

Read more

Silent investor?

BBC Radio 5 Live

Jeff Benoz and ex-wife
Reuters

Yesterday, the world's richest man, Jeff Bezos, and his wife MacKenzie agreed a record-breaking divorce settlement worth at least $35bn (£27bn). Ms Bezos will retain a 4% stake in online retail giant Amazon which her husband of 25 years founded.

Kathleen Brooks of Minerva Analysis told Radio 5 Live's Wake Up To Money that it would have been more interesting if Ms Bezos had fought her husband for the voting rights.

"How will she play out in Amazon? Will she just be the silent investor, which is obviously something her ex-husband potentially wanted her to be and maybe she was happy with that because she is not taking on the voting rights?" Ms Brooks said.