Question: On January 3 1 , 2 0 1 8 , the market capitalization of Amazon.Com Inc. ( Amazon ) hit $ 7 0 2 billion,

On January 31,2018, the market capitalization of Amazon.Com Inc. (Amazon) hit $702 billion, the highest level ever.? When its fourth-quarter results were released on February 1,2018, Amazon showed a30-per-cent increase in revenues, to $60.5 billion for the quarter, and net income for the quarter had increased by 150 per cent, to $1.9 billion? From its start as a venture looking to build "earth's largest bookstore" in 1994, Amazon was now one of the most valuable companies in the world, and founder Jeff Bezos was the richest person on earth.In 2018, Amazon had an online store that sold its own products and listed products for sale by more than two million third-party sellers.* Since its founding, Amazon had added more than 30 store categories, ranging from electronics to furniture, selling millions of different products and making an estimated 1.2 billion domestic customer shipments in 2017.5 Amazon Web Services, the company's on-demand cloud-computing service, generated $17.5 billion in sales in 2017. Amazon Prime Video had become a leader in video-streaming services, with original-content series and movies that rivalled the offerings of Netflix. Its Echo devices, powered by the artificial-intelligence assistant Alexa, had more than 30,000 skills and could be used to control smart-home devices. The popular Kindle e-reader boosted sales of Amazon e-books. Amazon had increased its number of brick-and-mortar stores with the acquisition of Whole Foods Market (Whole Foods) in 2017. It had also opened AmazonFresh and Amazon Go grocery stores, as well as Amazon bookstores.With total shipping costs that exceeded $21 billion in the most recent fiscal year, the company was taking steps to gain greater control of its supply chaina strategy that could eventually put Amazon in direct competition with United Parcel Service of America Inc. (UPS) and Federal Express Corporation (FedEx). In recent years, it had expanded into ocean freight forwarding, opened an air cargo hub, built a truck fleet, and established a parcel delivery network.'The company offered its third-party sellersfulfillment services called Fulfillment by Amazon (FBA), which provided transportation, warehousing, picking, packing, shipping, customer service, and returns for products sold through its website. The company's latest initiative, Shipping with Amazon, was a new service for any business offering package delivery to customers, regardless of whether they sold products on the Amazon site.From a standing start, Amazonwith 566,000 employees (referred to as "Amazonians")-had becomemore valuable than Walmart Inc. (Walmart), the world's largest retailer. However, given the broad variety and volume of products Amazon was selling through a range of formats, a key challenge for the

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