Amazon shares remain popular, with the online retailer and tech giant staying busy as the holiday shopping frenzy gathers pace. Just this week, Amazon has announced an expansion of its same-day delivery capabilities in the US and its cloud services in China.
Amazon shares are treading water, albeit at a high level, so far this week. After opening on Monday morning at $1,164.50, they ended the US Wednesday trading day at $1,164.13. That was a marginal dip from where they began, Wednesday morning.
After-hours activity currently has Amazon shares a touch higher.
Just in time for the final holiday shopping orders, Amazon announced it has expanded it’s same-day shipping capabilities to over 8,000 cities and towns. Same-day delivery is available for free as part of the Prime membership and will likely give a further holiday sales boost for the online retailer.
“We are continually investing in Prime, adding more selection and making delivery faster and more convenient,” said Greg Greeley, Vice President of Amazon Prime. “In 2016, the last Prime Free Same-Day order from Amazon.com delivered in time for Christmas was ordered at 10:23 am on Christmas Eve.”
Analysts note that this late holiday push from Amazon follows news that UPS struggled to keep up with delivery demand after the busy Black Friday period.
Tech units grow, too
While Amazon looks after its US holiday shoppers, the innovative business is also working hard to impress other markets, too.
Amazon has also announced an expansion of its cloud services in China, with the help of new local partner, Ningxia Western Cloud Data Technology. The deal is likely designed to help Amazon increase its market share in China, where the market is busy and also highly regulated.
“Together with our partner NWCD, and with deep appreciation of the support we’ve received from the Zhongwei municipal government and Ningxia government, we’re excited to announce the launch of the AWS China (Ningxia) Region, operated by NWCD,” said Andy Jassy, CEO at Amazon Web Services, (AWS).
“The second AWS Region in China is part of AWS’s ongoing commitment to offer best-in-class cloud technologies to Chinese customers,” Jassy added.