Amazon is trying to defend its kingdom against cheap Chinese rivals, and it thinks it has a plan
Amazon's market capitalization passed $2 trillion for the first time on Wednesday, joining the ranks of other tech colossuses like Microsoft and Apple.
Nathan Stirk via Getty Images
- Temu and Shein have been giving Amazon a run for their money with their ultra-low prices.
- But Amazon might just have a plan to fend them off — starting its own discount section.
- The Seattle-based giant is looking to ship a range of unbranded items directly from China to the US.
You know what they say...
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