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06-27
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Amazon Market Cap Pushes Further Past $2 Trillion. A Temu Move May Keep It Rising
Go to Tiger App to see more news
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A Temu Move May Keep It Rising","url":"https://stock-news.laohu8.com/highlight/detail?id=2446536558","media":"Dow Jones","summary":"Amazon stock rose further on Thursday after the company’s market capitalization crossed above the milestone $2 trillion level on Wednesday. A potential strategy that would put the online retail giant ","content":"<html><head></head><body><p style=\"text-align: start;\">Amazon stock rose further on Thursday after the company’s market capitalization crossed above the milestone $2 trillion level on Wednesday. A potential strategy that would put the online retail giant squarely in competition with Chinese rivals such as Temu and Shein could be another support for the stock.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/02833c1543f206d1d85f25a61a7e2fd2\" alt=\"Amazon stock is up almost 6% in five days.\" title=\"Amazon stock is up almost 6% in five days.\" tg-width=\"953\" tg-height=\"632\"/><span>Amazon stock is up almost 6% in five days.</span></p><p style=\"text-align: start;\">Shares in Amazon were less than 1% higher in U.S. premarket trading on Thursday after the stock jumped 3.9% on Wednesday amid a continued outperformance for the technology sector. Futures for the Dow Jones Industrial Average were falling 0.2% Thursday, as were those on the S&P 500 and Nasdaq Composite.</p><p>Recent momentum for the stock—up almost 6% in five days—has pushed Amazon’s market capitalization above the $2 trillion level, territory that only a few of the largest companies have occupied.</p><p>The $3 trillion market-cap club is the next major milestone for the shares—and it isn’t wild to believe Amazon can get there and rub shoulders with Microsoft, Apple, and Nvidia. A new strategy that could see its core online retail business face off against budget Chinese rivals like Temu and Shein may be one reason to hope Amazon could get there sooner rather than later.</p><p>Amazon plans to start shipping discount fashion, household goods, and other products directly from warehouses in China, The Wall Street Journal reported on Thursday, citing a slide presentation from an invite-only meeting with Chinese merchants.</p><p>This move would directly take on the likes of Temu and Shein, which have boomed in popularity among American consumers who have flocked to cheap goods shipped directly from China. Amid evidence that the likes of Temu represent a threat not just to budget U.S. retailers like Dollar General, but also Amazon, this move from the e-commerce giant makes sense.</p><p>Competing with Amazon is no joke, and investors may be taking note. Shares in PDD, which owns Temu, fell 1.3% on Wednesday and were another 1.8% lower in Thursday’s premarket.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Market Cap Pushes Further Past $2 Trillion. A Temu Move May Keep It Rising</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Market Cap Pushes Further Past $2 Trillion. A Temu Move May Keep It Rising\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-27 20:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Amazon stock rose further on Thursday after the company’s market capitalization crossed above the milestone $2 trillion level on Wednesday. A potential strategy that would put the online retail giant squarely in competition with Chinese rivals such as Temu and Shein could be another support for the stock.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/02833c1543f206d1d85f25a61a7e2fd2\" alt=\"Amazon stock is up almost 6% in five days.\" title=\"Amazon stock is up almost 6% in five days.\" tg-width=\"953\" tg-height=\"632\"/><span>Amazon stock is up almost 6% in five days.</span></p><p style=\"text-align: start;\">Shares in Amazon were less than 1% higher in U.S. premarket trading on Thursday after the stock jumped 3.9% on Wednesday amid a continued outperformance for the technology sector. Futures for the Dow Jones Industrial Average were falling 0.2% Thursday, as were those on the S&P 500 and Nasdaq Composite.</p><p>Recent momentum for the stock—up almost 6% in five days—has pushed Amazon’s market capitalization above the $2 trillion level, territory that only a few of the largest companies have occupied.</p><p>The $3 trillion market-cap club is the next major milestone for the shares—and it isn’t wild to believe Amazon can get there and rub shoulders with Microsoft, Apple, and Nvidia. A new strategy that could see its core online retail business face off against budget Chinese rivals like Temu and Shein may be one reason to hope Amazon could get there sooner rather than later.</p><p>Amazon plans to start shipping discount fashion, household goods, and other products directly from warehouses in China, The Wall Street Journal reported on Thursday, citing a slide presentation from an invite-only meeting with Chinese merchants.</p><p>This move would directly take on the likes of Temu and Shein, which have boomed in popularity among American consumers who have flocked to cheap goods shipped directly from China. Amid evidence that the likes of Temu represent a threat not just to budget U.S. retailers like Dollar General, but also Amazon, this move from the e-commerce giant makes sense.</p><p>Competing with Amazon is no joke, and investors may be taking note. Shares in PDD, which owns Temu, fell 1.3% on Wednesday and were another 1.8% lower in Thursday’s premarket.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0353189763.USD":"ALLSPRING US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","BK4220":"综合零售","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4543":"AI","BK4527":"明星科技股","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","AMZN":"亚马逊","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4505":"高瓴资本持仓","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4155":"大卖场与超市","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4581":"高盛持仓","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4504":"桥水持仓","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4549":"软银资本持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0072462426.USD":"贝莱德全球配置 A2","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4548":"巴美列捷福持仓","LU0080751232.USD":"富达环球多元动力基金A","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2446536558","content_text":"Amazon stock rose further on Thursday after the company’s market capitalization crossed above the milestone $2 trillion level on Wednesday. A potential strategy that would put the online retail giant squarely in competition with Chinese rivals such as Temu and Shein could be another support for the stock.Amazon stock is up almost 6% in five days.Shares in Amazon were less than 1% higher in U.S. premarket trading on Thursday after the stock jumped 3.9% on Wednesday amid a continued outperformance for the technology sector. Futures for the Dow Jones Industrial Average were falling 0.2% Thursday, as were those on the S&P 500 and Nasdaq Composite.Recent momentum for the stock—up almost 6% in five days—has pushed Amazon’s market capitalization above the $2 trillion level, territory that only a few of the largest companies have occupied.The $3 trillion market-cap club is the next major milestone for the shares—and it isn’t wild to believe Amazon can get there and rub shoulders with Microsoft, Apple, and Nvidia. A new strategy that could see its core online retail business face off against budget Chinese rivals like Temu and Shein may be one reason to hope Amazon could get there sooner rather than later.Amazon plans to start shipping discount fashion, household goods, and other products directly from warehouses in China, The Wall Street Journal reported on Thursday, citing a slide presentation from an invite-only meeting with Chinese merchants.This move would directly take on the likes of Temu and Shein, which have boomed in popularity among American consumers who have flocked to cheap goods shipped directly from China. Amid evidence that the likes of Temu represent a threat not just to budget U.S. retailers like Dollar General, but also Amazon, this move from the e-commerce giant makes sense.Competing with Amazon is no joke, and investors may be taking note. Shares in PDD, which owns Temu, fell 1.3% on Wednesday and were another 1.8% lower in Thursday’s premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":13,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":321379852865584,"gmtCreate":1719492345440,"gmtModify":1719495616124,"author":{"id":"4182523186219622","authorId":"4182523186219622","name":"Pinak","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321379852865584","repostId":"2446536558","repostType":2,"repost":{"id":"2446536558","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1719492300,"share":"https://www.laohu8.com/m/news/2446536558?lang=&edition=full","pubTime":"2024-06-27 20:45","market":"us","language":"en","title":"Amazon Market Cap Pushes Further Past $2 Trillion. A Temu Move May Keep It Rising","url":"https://stock-news.laohu8.com/highlight/detail?id=2446536558","media":"Dow Jones","summary":"Amazon stock rose further on Thursday after the company’s market capitalization crossed above the milestone $2 trillion level on Wednesday. A potential strategy that would put the online retail giant ","content":"<html><head></head><body><p style=\"text-align: start;\">Amazon stock rose further on Thursday after the company’s market capitalization crossed above the milestone $2 trillion level on Wednesday. A potential strategy that would put the online retail giant squarely in competition with Chinese rivals such as Temu and Shein could be another support for the stock.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/02833c1543f206d1d85f25a61a7e2fd2\" alt=\"Amazon stock is up almost 6% in five days.\" title=\"Amazon stock is up almost 6% in five days.\" tg-width=\"953\" tg-height=\"632\"/><span>Amazon stock is up almost 6% in five days.</span></p><p style=\"text-align: start;\">Shares in Amazon were less than 1% higher in U.S. premarket trading on Thursday after the stock jumped 3.9% on Wednesday amid a continued outperformance for the technology sector. Futures for the Dow Jones Industrial Average were falling 0.2% Thursday, as were those on the S&P 500 and Nasdaq Composite.</p><p>Recent momentum for the stock—up almost 6% in five days—has pushed Amazon’s market capitalization above the $2 trillion level, territory that only a few of the largest companies have occupied.</p><p>The $3 trillion market-cap club is the next major milestone for the shares—and it isn’t wild to believe Amazon can get there and rub shoulders with Microsoft, Apple, and Nvidia. A new strategy that could see its core online retail business face off against budget Chinese rivals like Temu and Shein may be one reason to hope Amazon could get there sooner rather than later.</p><p>Amazon plans to start shipping discount fashion, household goods, and other products directly from warehouses in China, The Wall Street Journal reported on Thursday, citing a slide presentation from an invite-only meeting with Chinese merchants.</p><p>This move would directly take on the likes of Temu and Shein, which have boomed in popularity among American consumers who have flocked to cheap goods shipped directly from China. Amid evidence that the likes of Temu represent a threat not just to budget U.S. retailers like Dollar General, but also Amazon, this move from the e-commerce giant makes sense.</p><p>Competing with Amazon is no joke, and investors may be taking note. Shares in PDD, which owns Temu, fell 1.3% on Wednesday and were another 1.8% lower in Thursday’s premarket.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Market Cap Pushes Further Past $2 Trillion. A Temu Move May Keep It Rising</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Market Cap Pushes Further Past $2 Trillion. A Temu Move May Keep It Rising\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-27 20:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Amazon stock rose further on Thursday after the company’s market capitalization crossed above the milestone $2 trillion level on Wednesday. A potential strategy that would put the online retail giant squarely in competition with Chinese rivals such as Temu and Shein could be another support for the stock.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/02833c1543f206d1d85f25a61a7e2fd2\" alt=\"Amazon stock is up almost 6% in five days.\" title=\"Amazon stock is up almost 6% in five days.\" tg-width=\"953\" tg-height=\"632\"/><span>Amazon stock is up almost 6% in five days.</span></p><p style=\"text-align: start;\">Shares in Amazon were less than 1% higher in U.S. premarket trading on Thursday after the stock jumped 3.9% on Wednesday amid a continued outperformance for the technology sector. Futures for the Dow Jones Industrial Average were falling 0.2% Thursday, as were those on the S&P 500 and Nasdaq Composite.</p><p>Recent momentum for the stock—up almost 6% in five days—has pushed Amazon’s market capitalization above the $2 trillion level, territory that only a few of the largest companies have occupied.</p><p>The $3 trillion market-cap club is the next major milestone for the shares—and it isn’t wild to believe Amazon can get there and rub shoulders with Microsoft, Apple, and Nvidia. A new strategy that could see its core online retail business face off against budget Chinese rivals like Temu and Shein may be one reason to hope Amazon could get there sooner rather than later.</p><p>Amazon plans to start shipping discount fashion, household goods, and other products directly from warehouses in China, The Wall Street Journal reported on Thursday, citing a slide presentation from an invite-only meeting with Chinese merchants.</p><p>This move would directly take on the likes of Temu and Shein, which have boomed in popularity among American consumers who have flocked to cheap goods shipped directly from China. Amid evidence that the likes of Temu represent a threat not just to budget U.S. retailers like Dollar General, but also Amazon, this move from the e-commerce giant makes sense.</p><p>Competing with Amazon is no joke, and investors may be taking note. Shares in PDD, which owns Temu, fell 1.3% on Wednesday and were another 1.8% lower in Thursday’s premarket.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0353189763.USD":"ALLSPRING US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","BK4220":"综合零售","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4543":"AI","BK4527":"明星科技股","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","AMZN":"亚马逊","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4505":"高瓴资本持仓","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4155":"大卖场与超市","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4581":"高盛持仓","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4504":"桥水持仓","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4549":"软银资本持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0072462426.USD":"贝莱德全球配置 A2","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4548":"巴美列捷福持仓","LU0080751232.USD":"富达环球多元动力基金A","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2446536558","content_text":"Amazon stock rose further on Thursday after the company’s market capitalization crossed above the milestone $2 trillion level on Wednesday. A potential strategy that would put the online retail giant squarely in competition with Chinese rivals such as Temu and Shein could be another support for the stock.Amazon stock is up almost 6% in five days.Shares in Amazon were less than 1% higher in U.S. premarket trading on Thursday after the stock jumped 3.9% on Wednesday amid a continued outperformance for the technology sector. Futures for the Dow Jones Industrial Average were falling 0.2% Thursday, as were those on the S&P 500 and Nasdaq Composite.Recent momentum for the stock—up almost 6% in five days—has pushed Amazon’s market capitalization above the $2 trillion level, territory that only a few of the largest companies have occupied.The $3 trillion market-cap club is the next major milestone for the shares—and it isn’t wild to believe Amazon can get there and rub shoulders with Microsoft, Apple, and Nvidia. A new strategy that could see its core online retail business face off against budget Chinese rivals like Temu and Shein may be one reason to hope Amazon could get there sooner rather than later.Amazon plans to start shipping discount fashion, household goods, and other products directly from warehouses in China, The Wall Street Journal reported on Thursday, citing a slide presentation from an invite-only meeting with Chinese merchants.This move would directly take on the likes of Temu and Shein, which have boomed in popularity among American consumers who have flocked to cheap goods shipped directly from China. Amid evidence that the likes of Temu represent a threat not just to budget U.S. retailers like Dollar General, but also Amazon, this move from the e-commerce giant makes sense.Competing with Amazon is no joke, and investors may be taking note. Shares in PDD, which owns Temu, fell 1.3% on Wednesday and were another 1.8% lower in Thursday’s premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":13,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
