iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,121 Blog Posts

Amazon Prime Goes Live in China; Where 90% of The Wares Are Made

Jeff Bezos just announced the second prong to his erosion of margins plan–Amazon says they’re launching their Prime service in China.

“The launch of Prime in China represents a new convenient way for Chinese customers to access authentic and quality products from all over the world,” Greg Greeley, Amazon Prime’s vice president, said in a statement emailed to Reuters on Friday.

The company has struggled to gain a foothold in China; most likely because Chinese internet is retarted and censored.  However, Bezos is doing another one of his shipping schemes, where members can buy-in to free shipping:

Under the Prime service, Chinese shoppers would pay 388 yuan ($57.23) for a year-long subscription, which would give them access to unlimited free international shipping on orders over 200 yuan ($29.50).

It might work.  It seems most wares come from China, so the draw of free international shipping is somewhat confusing.  Do the finished goods ship to the United Steaks, sit in a warehouse, then ship back to China after being ordered?

Perhaps for now, but everyone knows the Bezos brand of distribution center, teaming with robots and absent of low-skilled human labor, will eventually infiltrate the shores of our red ally.

Bullish unless ultimately broken by the stringent rules of communist-branded capitalism.

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