1. Amazon launches Prime Air, its own dedicated cargo planes to speed delivery
Although delivery by drone is not happening any time soon, Amazon plans to launch its first branded cargo plane. In a press statement, Amazon outlined plans for leasing 40 planes from Atlas Air and ATSG for its Prime Air cargo operations in the next two years. This is another effort to make delivery as fast as possible. // Here, to check out a time lapse video of painting a branded Boeing 767-300
2. Why Google Just Bought This Hot E-Commerce Startup
Google acquired a L.A.-based startup Orbitera last Monday. Orbitera helps companies to streamline their cloud-based services and customers to buy those services. Think of it as a gateway to the multi-cloud world. Google also gets a former AWS executive with this acquisition.
3. Wal-Mart buying Jet.com to lift online sales, battle Amazon
Things move really fast. As I have reported last week that Wal-Mart is in talks with Jet. It is confirmed that Wal-Mart is buying Jet.com for $3 billion in cash last Monday to take on Amazon. It is the largest ever deal for an e-commerce startup. The retailer would run Wal-Mart.com and Jet.com as separate entities. Launched in last July, Jet.com has reached $1 billion in GMS, yet to make a profit. // Wal-Mart China sold its online business to JD.com to take on Amazon in the U.S.?
4. SingPost eCommerce growth, investment shape results
SingPost delivered a strong 30.9% growth to S$333.4 million in Q2. According to its interim group CEO, SingPost’s strategy is “to protect the postal core and grow its eCommerce logistics network.” eCommerce-related revenue has grown to make up 49.3% of the group revenue. Increased cross-border eCommerce-related activities have led overseas revenue to rise, accounting for 50.2% of the group revenue.
5. Alibaba posts record growth as mobile revenue tops desktop for first time
Alibaba saw record growth in Q2, a 59% increase year-over-year. For the first time, its mobile revenue surpassed that of desktop. The company reported marketplace revenue of $3.5 billion in Q2, 49% higher than the same time last year. 75% of the revenue came from mobile devices. In addition to the core marketplace business, Alibaba has been building a cloud computing business, which generated $181 million in revenue in Q2.
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