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Rain Design isn’t the first company to fall victim to the aggressive techniques Amazon uses to achieve market dominance. Although its retail site is the most visible of its business strands, the $740bn company has quietly stretched its tentacles into an astonishing range of unrelated industries. Google and Facebook might have cornered the online advertising market, but Amazon’s business successes now include groceries, TV, robotics, cloud services and consumer electronics.
With its profound knowledge of its customers, Amazon can move into almost any sector – striking fear into the hearts of rivals. And the $740bn company is ‘just getting started’
By Olivia Solon and Julia Carrie Wong in San Francisco
Continue reading “Jeff Bezos v the world: why all companies fear ‘death” »
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests.
China is drawing up plans for an aerospace engine plant that would pave the way for the mass production of “hypersonic” planes or spacecraft capable of travelling at more than five times the speed of sound, boosting the country’s competitiveness in defence, space, business and other sectors, according to scientists familiar with the project.
The plant that would be built in Hefei, in China’s eastern Anhui province, could give the country an edge over the United States and Russia in the race to achieve large-scale applications of hypersonic technology, the scientists said.
Hefei deputy mayor Wang Wensong led a delegation to the Institute of Mechanics at the Chinese Academy of Sciences in Beijing last month to discuss the project’s roll-out, according to a statement on the institute’s website.
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AI can have Positive Impact on Banks’ Business.
