As we tick down to 2pm, it’s wall-to-wall Amazon coverage today:
1. Many Australian businesses are already selling on Amazon. One of those, GetBackToBasix, told us the secrets to its success on the US and Canadian websites and why local businesses should be jumping on Amazon Australia. UBS research reports Amazon’s arrival will trigger a doubling of online shopping in this country.
2. And when it does open these are the products we can expect. That’s a relief, because the accidentally published electronics, sporting apparel and homewares seem to match up with UBS research on what Australians want to buy from Amazon Australia.
3. Woolworths knows the scale of Amazon’s threat. The chair of the supermarket chain this morning laid out the company’s plans to counter the multinational giant, saying Woolworths was building up the digital business and trialling express delivery. Woolies is a big employer in this country but Aussies are now clamouring to work for Amazon, with local job searches for the company jumping 1512% this year on Indeed.
4. “No commission” share-trading app SelfWealth is listing on the ASX after raising $7.3 million in an IPO. The fintech offers trades at $9.50 each, regardless of volume, and also runs a subscription “social investment network” that allows users to share knowledge and compare their portfolio performances. Read more here.
5. If you think there are some things you can’t buy online, think again. Bloomberg reports giant Chinese e-commerce platform Taobao just facilitated a $63.5 million purchase for two Boeing 747 freighter planes.
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