• From Bloomberg: "Amazon.com Inc.’s stock had the biggest advance on the S&P 500 Index after the e-commerce giant said its holiday season this year was 'record breaking,' with billions of items shipped and 'tens of millions' of Amazon devices like the Echo Dot sold.
"Five million new customers started Prime free trials or paid memberships globally, while the number of items that were delivered with one-day or same-day shipping quadrupled compared to last holiday season. Independent third-party sellers, meanwhile, sold more than a billion items, Amazon said."
• From Reuters: "Britain's competition regulator is launching an in-depth investigation into Amazon.com Inc's purchase of a stake in online food delivery group Deliveroo after the companies failed to assuage its initial concerns.
"Amazon led a $575 million (439 million pounds) fundraising by Deliveroo in May and the probe could disrupt the e-commerce giant's efforts to compete with Uber Eats, Just Eat and Takeaway.com in food delivery.
"The Competition and Markets Authority (CMA), which launched an initial probe in June, said on Friday it had decided to move to a 'Phase 2' investigation as Amazon and Deliveroo had not addressed its concerns before a Dec. 18 deadline … The deal would give Amazon more say in the running of Deliveroo, which has grown rapidly in the last six years to more than 100 towns and cities across Britain."
"Five million new customers started Prime free trials or paid memberships globally, while the number of items that were delivered with one-day or same-day shipping quadrupled compared to last holiday season. Independent third-party sellers, meanwhile, sold more than a billion items, Amazon said."
• From Reuters: "Britain's competition regulator is launching an in-depth investigation into Amazon.com Inc's purchase of a stake in online food delivery group Deliveroo after the companies failed to assuage its initial concerns.
"Amazon led a $575 million (439 million pounds) fundraising by Deliveroo in May and the probe could disrupt the e-commerce giant's efforts to compete with Uber Eats, Just Eat and Takeaway.com in food delivery.
"The Competition and Markets Authority (CMA), which launched an initial probe in June, said on Friday it had decided to move to a 'Phase 2' investigation as Amazon and Deliveroo had not addressed its concerns before a Dec. 18 deadline … The deal would give Amazon more say in the running of Deliveroo, which has grown rapidly in the last six years to more than 100 towns and cities across Britain."
- KC's View:
