Amazon expands logistics reach in China
Amazon.com Inc is aggressively expanding its logistics operations in China as part of a broader effort to control the rising cost of shipping billions of packages.
Its plans in China, outlined in filings there, include handling cargo and customs for goods headed to ports in Japan, Europe and the United States.
Some analysts say the move could help position Amazon to offer shipping services to other companies, eventually competing with the likes of United Parcel Service Inc and DHL Worldwide Express BV.
That would mirror the strategy of Amazon's cloud computing arm, Amazon Web Services, which is now the company's fastest growing unit. The service was launched to serve Amazon's own retail operations but now hosts data for other companies.
Seattle-based Amazon faces increasing pressure from Wall Street to drive down shipping costs, which rose 37 percent in the most recent quarter compared to the same period a year ago.