business
Why does Amazon have no Western rivals?
Key takeaways
- Zoe Corbyn Business reporter Getty Images Vitamins, repair tape and a jar of mango chutney - just some of what my household bought last month via Amazon's sprawling online shopping platform.
- And that isn't half of the interconnected products and services offered by the global behemoth, which earlier this year overtook US superstore giant Walmart to become the world's largest company by annual sales.
- But why does Amazon, launched by Jeff Bezos in 1995 as an online bookstore out of a rented garage, have so few serious rivals in the West when it comes to e-commerce?
Zoe Corbyn Business reporter Getty Images Vitamins, repair tape and a jar of mango chutney - just some of what my household bought last month via Amazon's sprawling online shopping platform.
We also shopped at the company's supermarket chain Whole Foods, streamed its TV shows, read books on Kindle e-readers, and browsed countless websites no doubt powered by Amazon Web Services (AWS), its highly profitable cloud-computing business.
And that isn't half of the interconnected products and services offered by the global behemoth, which earlier this year overtook US superstore giant Walmart to become the world's largest company by annual sales.
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