US Stock Market Move | United Parcel Service (UPS.US) fell more than 8%, while Amazon.com, Inc. introduced supply chain services to intensify competition.
On Monday, United Parcel Service (UPS.US) fell over 8%, to $98.38.
On Monday, United Parcel Service (UPS.US) fell more than 8%, to $98.38. In terms of news, Amazon.com, Inc. announced the launch of Amazon.com, Inc. Supply Chain Services, opening up its entire logistics network, including freight, distribution, fulfillment, and parcel shipping, to businesses of all industries and sizes. This move intensifies competition in the logistics industry and poses a direct threat to UPS's business.
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Amazon.com, Inc. (AMZN.US) is fully entering the third-party logistics market, and the transportation sector is under collective pressure.
SHUANGDENG (08487) is currently negotiating collaboration with potential large-scale partners in the catering industry in mainland China.
Tianxing Medical (01609) Hong Kong public offering received a subscription of 7823.13 times. The global offering raised approximately HK$7.584 billion.
