Canadian e-commerce specialist Shopify (NYSE: SHOP) keeps saying that it isn't trying to compete directly with Amazon.com (NASDAQ: AMZN), yet it continues to make moves that increasingly put the company on a collision course with The Everything Store -- including the recent launch of the Shop app, which helps users discover merchant stores on the Shopify platform. In a potentially game-changing deal announced earlier this week, Shopify said it is partnering with one of Amazon's biggest rivals: Walmart (NYSE: WMT). Walmart has been aggressively ramping up its e-commerce ambitions in recent years in an effort to chip away at Amazon's e-commerce market share while expanding its own. Read More...
Shopify and Walmart Team Up to Take On Amazon
Canadian e-commerce specialist Shopify (NYSE: SHOP) keeps saying that it isn’t trying to compete directly with Amazon.com (NASDAQ: AMZN), yet it continues to make moves that increasingly put the company on a collision course with The Everything Store — including the recent launch of the Shop app, which helps users discover merchant stores on the Shopify platform. In a potentially game-changing deal announced earlier this week, Shopify said it is partnering with one of Amazon’s biggest rivals: Walmart (NYSE: WMT). Walmart has been aggressively ramping up its e-commerce ambitions in recent years in an effort to chip away at Amazon’s e-commerce market share while expanding its own.
