To start from scratch not only takes time, resources but the most important is OPPORTUNITY COSTS as well. Now that Amazon has a good offer to ride on Reliance to take on a big pie of the Ecommerce market in India where the potential is phenomenal. Amazon has many rivals in China, Alibaba (the biggest) amongst others.
In the world of business and politics, there is no such things as FAIR. Who knows, if China do opens up this market, would Alibaba still dominate the market or would Alibaba become a dominant competitor ? Since Amazon lost its market share in China, now they could rival Alibaba in India if they took up this offer.
Would this give Amazon in India an upper hand over Alibaba?
The recent dips in Amazon presents another great opportunity to buy on accumulation.
In the world of business and politics, there is no such things as FAIR. Who knows, if China do opens up this market, would Alibaba still dominate the market or would Alibaba become a dominant competitor ? Since Amazon lost its market share in China, now they could rival Alibaba in India if they took up this offer.
Would this give Amazon in India an upper hand over Alibaba?
The recent dips in Amazon presents another great opportunity to buy on accumulation.
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found some support at 3090 level
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selling pressure is strong in major tech stocks
