BEIJING, March 2 (UPI) — After Wal-Mart launched a service that challenges Amazon Prime, investors reacted to Amazon’s surprise: the company’s share price plunged, according tomedia reports. Wal-Mart’s latest Walmart Plus is essentially a name-changing Delivery Unlimited. Users pay an annual fee of $98 a year to enjoy same-day delivery, as well as discounts on fuel and drugs. Wal-Mart will begin public testing of the service next month.
Amazon also plans to launch a takeaway delivery service in India. Uber’s announcement that it will launch a takeaway delivery market in India is a wise decision for Amazon to enter the Indian market at this point of view, but they will still face competition from two other companies, Swiggy and Zomato. While these two services cost more to deliver (Amazon will charge a lower shipping fee), it’s not easy to beat them in a short time. While companies that enter the market later have the potential to win the final, the battle will surely require Amazon to pay a lot of money to silence its competitors.
Finally, like other businesses, Amazon is addressing the problems caused by the coronavirus outbreak. Amazon has dropped 1 million products that claim to treat or protect against coronaviruses. Previously, Amazon had told third-party sellers on the platform not to increase prices on its mask products. (YongYong)