Amazon throws one-day delivery challenge to rivals after profits surge3 min read . Updated: 26 Apr 2019, 11:03 PM IST
- Amazon’s profit more than doubled in Jan-Mar quarter, thanks to soaring demand for cloud and ad services
- Amazon expects to spend $800 million toward the shipping goal in the second quarter alone
LOS ANGELES/BENGALURU : Amazon.com Inc. plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that may curb near-term profits and will up the ante for retail rivals such as Walmart Inc.
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