Dear MEL Topic Readers,
Jeff Bezos is the smartest guy in business
Whether you live in a marketplace within the reach of their delivery service or not, you probably know what amazon.com is. Founded as an online bookstore back in 1994 by Jeff Bezos, the company has been extending its business categories to hardware, online streaming, web services and even their own tech gadgets like Kindle and Echo. Recently, the online retail and service giant entered brick-and-mortar retail business that offers unprecedented convenience and experience, Amazon Go, where customers pick up merchandises and walk out without checking out. (Don’t confuse this with alpha go, AI “go” player by Google)
Now, they announced to purchase an upper-class grocery chain, Whole Foods, that has a decent customer base. This acquisition was immediately applauded by Wall Street but was feared by other grocery chains.
Enjoy reading and thinking what sort of synergy, convenience and value are going to be created by this latest online-and-offline retail combination.
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