Keystone AI的动态

Coming to the end of a busy couple of weeks, I’m delighted to see that our new EU investment figures have been published – amongst which the fact that, since 2010, Amazon has invested more than €180 billion across EU member states, including over €30 billion in 2023 alone. We employ more than 150,000 people across the EU, and the consultancy Keystone Strategy estimates that in 2023, Amazon's presence indirectly supported more than 400,000 additional jobs. ? European small and medium-sized enterprises are of course key to our investment in the region, and in 2023 more than 127,000 SMEs from the EU sold 1.3 billion products worldwide via Amazon, generating over €14 billion in export sales. As I wrote in my recent blog in response to Mario Draghi’s report on European competitiveness, complexity should not stifle the ability of SMEs to harness the EU Single Market; and my team and I continue to advocate for harmonisation, simplification, and consistent enforcement of existing rules to ensure a frictionless EU market in which SMEs can succeed and thrive. Read more about our investment in the EU ?? ? https://lnkd.in/egR37N3b

Amazon is doubling down on supporting Europe's competitiveness on the global stage through significant investments in people, technology, and innovation across the continent. We have invested more than €180 billion (~$194 billion USD) across EU member states, including more than €30 billion (~$32 billion USD) in 2023 alone. We employ more than 150,000 people and our investments indirectly support more than 400,000 jobs across the EU. Yesterday, we announced our newest investment update—that we’ve invested over PLN 30 billion (~$7 billion USD) in development in Poland. That means from 2012-2023, we invested PLN 7 million (~$1.7 million USD) every day in the local economy, including in jobs, innovative technologies, logistics, and supporting small and medium-sized businesses. I saw the impact of these investments first hand when I recently visited London, Warsaw, Brussels, and Luxembourg to see how Amazon is enabling growth in our communities and business. Read more about my travels and Amazon’s investments in the EU: https://bit.ly/3YI99BO

It’s easy to get carried away with what is inevitable and be over confident. Three examples: 2011 - it’s obvious Greece being in the EU is unsustainable. Spreads have blown out, the economy is in shambles. Obviously the EU system of monetary integration but fiscal independence was doomed to fail. Today Greek bonds have a lower yield (lower risk) than the UK and Italy, and never left the EU. 2010 - China is growing GDP at 8% a year and has coasted through the Great Recession. Economist who projected China’s economy would pass the US in 2040 now think that will happen in 2027. Obviously with direct control of the economy, the party will be able to navigate crises better. Today China’s GDP is growing at the same rate as the US and it is still 28% lower than the US. 2015 - It’s obvious Amazon will kill brick and mortar, especially Barnes & Noble. Elliot took B&N private in 2019. In 2023 they opened 30 new stores. Today there are more independent bookstores than 10 years ago. What are some things that seem inevitable today?

?? Large online services often get a lot of scrutiny in Europe - and rightly so - but let’s not overlook their contributions to the EU economy. Case in point: my former shop, Amazon. It's encouraging to see their continued commitment to the #EUSingleMarket, especially when considering how widely these investments are distributed across Europe. ???? ?? Many of these large companies are trailblazers, bringing the #SingleMarket to life by expanding cross-border early on. Believe it or not, they play a pivotal role in making the Single Market a reality for smaller European companies and consumers. ?? This is both a positive example and a reminder for EU decision-makers at the start of this mandate: How can we streamline the regulatory framework to make it even easier for companies without this scale to thrive in the Single Market? ?? Looking at the Political Guidelines we read bold ambitions like simplification, consolidation, and reducing administrative burdens - now let’s see the actions to back them up! #SingleMarket #Europe #DigitalEconomy #EU

Amazon's GBP 8 billion #investment in #UK #data_centers over the next five years is projected to create over 14,000 #jobs annually, contribute GBP 14 billion to the #nation's?GDP, and bolster the #Labour #government’s?#economic #growth #strategy.

Register for this informative webinar that will spotlight the journeys of four successful Amazon sellers from the Mid-America Economic Development Council region, showcasing how they have leveraged Amazon's robust suite of resources to grow and scale their small businesses. https://rebrand.ly/z35g58u #MidAmericaEDC #EconomicDevelopment

Comparing the largest US and Chinese companies by revenue This is an interesting graphic. What's telling is that most of the Chinese companies on list are SOE's whereas the US companies are all public. Is that good or bad for an economy, maybe a little of both? Please comment. #companies #largest #chinese #american

Price and Politics - good things to ignore There is an easy story to write about how a political trend or a politician's election will help or hurt a company. But making an investment decision based on that is a bad idea. Take tariffs. These are widely agreed to be bad for global prosperity and will certainly impact certain companies. But: Do we know what Trump will do specifically? (Always a challenge!) Do we know which companies will be impacted? Do we if or how companies will be able to adapt? Do we know the specific dollar impact to the bottom line? All of these things can be guessed at, but the uncertainty is large. We prefer to wait for clarity and hard data. Some people will guess correctly before us -- that's OK. Our goal is not to be first but to be right more often than not over the long term. OK, easy one out of the way. Price!? Is there such thing as paying "too much" for a great company? Yes, but it is hard to do. Many investors never bought Amazon because it was always expensive. Yet, if you had bought at any of those expensive prices, you would have done great. The caveat is that not all companies are great. And certainly, not all expensive companies are great. But the point is, if the underlying financials of a company are great, don't be scared off. Mr. Market may never give you the discount you are looking for.

If you love Trump & his policies, I am sure you're ready to come at me. However, this is an objective look on how his economics would work. The baseline of Trump's economic agenda is to bring jobs home for Americans. It's a noble agenda for all intends & purposes. Since the late 1980s, the US saw a large part of its manufacturing shift overseas, largely to one nation - China. This did not just benefit China propelling it to become an economic powerhouse that it is today but it benefitted the US more. It started the golden age of consumerism. Most everyday products now costed less than half for most Americans. The world saw this and they too went to China. Over the next 3 decades, the West built complicated yet the most efficient global supply chains the world has ever seen. The South China Sea, ended up accounting for 1/3rd of global trade! Most products you order on Amazon might just have been assembled in your own country but the parts were imported from China. The same goes for the Cars & everything else. This had a negative effect domestically. Most in manufacturing jobs in the US lost their jobs to offshoring. A famous example of this is the auto industry in Detroit that boomed in the 1970s making it one of the richest cities in the US. Today, Detroit is an economic wasteland and was a center point in Trump's campaign talk. However, covid changed everything. The US realized its over-reliance on China. So even under Biden, the US started the long journey of 'on-shoring'. For this, one has to understand, if you want to onshore production into the US from China, you better be able to produce the goods at the same cost as China. Otherwise, you will just end up making everything costly for Americans. You can't compete with China at cost of labor, so you should focus on cost of moving goods. China over the last 4 decades, built the best manufacturing infrastructure in the world. Roads, railway & strategic airways, they built hard so they could keep the cost down by making the supply chain efficient. That's why China's cheap. The US has an old & frail infrastructure. If it on-shored most of its manufacturing from China today, the same products would cost Americans as much as 4x. The solution? Invest in infrastructure. The Inflation Reduction Act passed in 2022 did just that. Instead of building upon it, the Republicans criticized the policy. Trump's tariffs would force American companies to manufacture domestically but with less than adequate infra and cost of labor being high, these domestically produced alternative products would exacerbate inflation further. Add tax cuts to this, the US would be living in a high inflation, high fiscal deficit economy. Probably an economist's nightmare. The US should focus on long-term on-shoring goals. You can't bring back jobs that was taken away to China over the last 40 years in just 4 years. If you think you can, you probably also believe in Unicorns. #india #Trump

Jack Ma's recent memo reveals Alibaba Group's resurgence under new leadership, with a focus on healthy growth and continued reforms.? In his post titled 'To Reform, To Innovation,' Ma applauds Chairman Joe Tsai and CEO Eddie Wu for their courage and wisdom in steering the company through major reorganizations.? ?? View the feed for more details: https://lnkd.in/g_5nYM4Q See TechNode for the latest China technology news: https://technode.com/ Subscribe to us today to follow the latest China tech news on 2024: https://lnkd.in/gXQ2jJnn #china #technology #Alibaba #Ecommerce #Innovation