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I hate chinese company. But the one and only company that Amazon is afraid of and where they can look at Amazon eye and say you have nothing on me. Is
Alibaba. If you believe amazon will take over the world, and I do. Then baba is sort of like amazon east.
Good luck.
If you believe amazon will take over the world
AWS will get plenty of competition from Google, Digital Ocean, and Azure on the corporate/government side. In retail, Amazon is a huge beneficiary of Obamacare as it's become the Uber for delivering packages. Both Google and Cortana are better than Alexa. Kindle devices are cheap pieces of shit (no longer buy them). Fire TV is great.
Amazon! The best place to buy outsourced crap.
They are a real benefit to main street & local economies.
But then again,FUCK AMERICA!
Then baba is sort of like amazon east.
Not even close. Shitty interface, loooooooong shipping with shitty tracking, vendors taking their sweet time responding to a complaint (can be literally weeks). And the prices are not as rock-bottom as they used to be. In fact, same shit can be bought on eBay sometimes significantly cheaper than directly from AliExpress. They are probably OK as a way for small re-sellers to buy batches of China-made shit to resell in the US, but as an end-user I'm not a fan.
Holy shit!
Wish I'd bought AMZN ten years ago. Oh well.
What can I buy now that has that kind of potential?
#investing