Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

Delayed Quote. Delayed  - 05/26 10:00:00 pm
995.78 USD   +0.24%
05/27DJCompanies Quit Share Splits -- WSJ
05/26 IS AMAZON.COM, : AMZN) Building Microsoft Office Killer?
05/26 AMAZON COM : New Online Drone Shop Creates Buzz
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Amazon enters free trade zone to boost offering in China - Xinhua

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/20/2014 | 05:13pm CEST

Amazon.com (>> Amazon.com, Inc.) will set up shop in China's Shanghai free trade zone, state media said on Wednesday, aiming to take advantage of less stringent trade regulations to sell a wider range of products in the country.

Amazon.com (>> Amazon.com, Inc.) will set up shop in China's Shanghai free trade zone, state media said on Wednesday, aiming to take advantage of less stringent trade regulations to sell a wider range of products in the country.

The U.S. online retailer's move signals its intent not only to remain in China but to beef up its presence in an e-commerce market dominated by Alibaba Group Holding [IPO-BABA.N] and Beijing-based JD.com (>> JD.Com Inc(ADR)), the second-biggest player.

Amazon signed a memorandum of cooperation "to develop cross-border e-commerce in the Shanghai free trade zone", state news agency Xinhua said, adding that the company will use the zone to expand its import business through the introduction of "Amazon's full global product line into the Chinese market".

Xinhua did not say when the company is likely to begin operations in the free trade zone and Amazon representatives in China and the United States were not available for immediate comment by telephone or email.

The company is also pushing its Amazon Web Services (AWS) cloud computing in China and said in December that the country will have its own AWS region to improve speeds for its mainly corporate customers.

However, persistent expansion has come at a cost, leaving Amazon with a $126 million (75.71 million pounds) loss in the second quarter. The company also forecast an operating loss of between $810 million and $410 million for the third quarter to Sept. 30, representing a sharp increase from its $25 million loss a year earlier.

'STRATEGIC OPPORTUNITY'

"Amazon must seize this strategic development opportunity" in the Shanghai free trade zone, Xinhua quoted Amazon's senior vice president of International Consumer Business, Diego Piacentini, as saying.

Amazon has also been hit by counterfeit goods that frequently plague companies in China, from fashion to pharmaceuticals and even food and drink.

In March Amazon said it will strengthen regulation of its online sales channels and that it had closed down a third-party store after state media criticised it for selling fake cosmetics.

Amazon's reported move to the free trade zone comes nearly a year after the zone was launched, attracting attention from overseas businesses and hailed as one of China's boldest reforms in decades. However, that hype has cooled amid a lack of specific policy details since the initial fanfare.

Foreign banks, such as Citigroup (>> Citigroup Inc) and HSBC Holdings (>> HSBC Holdings plc) have set up branches in the zone, but many foreign companies have been reluctant to follow suit, citing a lack of clarity on what will and will not be allowed in the zone.

(Reporting by Paul Carsten and Sui-Lee Wee; Editing by David Goodman)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMAZON.COM, INC.
05/27DJCompanies Quit Share Splits -- WSJ
05/26 IS AMAZON.COM, INC. (NASDAQ : AMZN) Building Microsoft Office Killer?
05/26 AMAZON COM : New Online Drone Shop Creates Buzz
05/26DJAmazon's Brush With $1,000 Signals the Death of the Stock Split
05/26DJBEST BUY : Defies Slump in Retail -- WSJ
05/26 AMAZON COM : Wal-Mart success shows importance of online strategy for struggling..
05/25DJBEST BUY : Defies Retail Doldrums, Posting Higher Sales -- 3rd Update
05/25 AMAZON.COM, INC. (NASDAQ : AMZN) Files An 8-K Submission of Matters to a Vote of..
05/25 AMAZON COM INC : Submission of Matters to a Vote of Security Holders (form 8-K)
05/25 Abercrombie's same-store sales beat on demand for Hollister brand
More news
Sector news : Internet & Mail Order Department Stores
05/24DJRatings Companies Give Closer Scrutiny To Shopping Malls -- WSJ
05/23DJRatings Firms Issue Downgrades for Mall-Backed Debt
05/21 With new sheriff in town, South Korea big businesses duck for cover
05/19 Old Navy helps Gap sail through retail gloom
05/16DJWESFARMERS : Nixes Possible Officeworks IPO
More sector news : Internet & Mail Order Department Stores
News from SeekingAlpha
05/27 Apple, too, is working on a dedicated AI chip
05/26 The Three Horse Race To $1,000
05/26 Tech's Largest Titans Set To Wage War
05/26 AT&T : DirecTV Now Stalls Despite Massive Promotional Spending
05/26 AMAZON.COM : Danger In Numbers
Advertisement
Financials ($)
Sales 2017 166 122 M
EBIT 2017 4 941 M
Net income 2017 3 388 M
Finance 2017 21 717 M
Yield 2017 -
P/E ratio 2017 149,25
P/E ratio 2018 88,32
EV / Sales 2017 2,73x
EV / Sales 2018 2,20x
Capitalization 475 958 M
More Financials
Chart AMAZON.COM, INC.
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | 4-Traders
Full-screen chart
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 47
Average target price 1 090 $
Spread / Average Target 9,4%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
John Seely Brown Independent Director
Patricia Q. Stonesifer Independent Director
Tom A. Alberg Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM, INC.32.47%475 958
LIBERTY INTERACTIVE GR..18.72%15 933
START TODAY CO.,LTD.36.97%7 967
WAYFAIR INC81.14%5 631
MONOTARO CO.,LTD.54.17%4 135
B2W COMPANHIA DIGITAL31.40%1 848
More Results