Amazon targets him as well as her and Temu. Is this a golden opportunity to buy the shares? | 21.11.24

While the biggest growth driver for Amazon (NASDAQ: AMZN) comes from its cloud computing division, Amazon Web Services (AWS), the company isn’t just sitting idle when it comes to other areas of its business. It recently set its sights on two rivals to help drive growth in its consumer-facing business. Let’s take a closer look at these initiatives to see if they can help drive growth and see if now is a good time to buy Amazon stock. The fastest growing e-commerce apps in recent years are Temu, owned by China’s PDD Holdings (NASDAQ: PDD). The app offers extremely cheap deals on a variety of goods sold and shipped directly from China. Rival Shein is also a fast grower in the apparel category, where it offers discounted clothing sourced from third-party manufacturers in China.Read moreRead more about the full article at MotleyFool Read more about the full article at MotleyFool