E-commerce

The other Amazons: E-commerce is booming in the developing world

A man studies a piece of paper while leaning against an orange Jumia delivery vehicle
Out for delivery. Photo: Issouf Sanogo/AFP/Getty Images

In several emerging markets, entrepreneurs are using the Amazon playbook to bring e-commerce to their own countries, but they're finding that demand for online shopping is expanding faster than the infrastructure needed to support it.

The big picture: Serving populations that tend to rely on cash and live in harder-to-reach areas, the online retailers of the developing world are searching for creative ways to grow — and keep the international giants at bay.

FedEx ends Amazon ground deliveries

Two men load packages onto a large truck
A FedEx warehouse in Florida. Photo: Joe Raedle/Getty Images

FedEx said Wednesday that it will not renew its U.S. ground delivery contract with Amazon, Bloomberg first reported.

The big picture: The shipping giant's decision, coupled with its move just weeks ago to end its contract to transport Amazon packages by air, comes as Amazon transforms from a customer to a competitor. The e-commerce company is adding trucks, planes, employees and even an air hub to strengthen its logistics arm — directly targeting the big U.S. shippers.