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And the announcement led to a leap in the share prices of a number of local companies related to the projects.

And yet, Ferriss’s book and others, which should have made a splash, didn’t sell nearly as well as expected. The problem? Very few brick-and-mortar stores are willing to stock Amazon’s books. Barnes and Noble, the nation’s largest bookstore chain, refused to carry Amazon’s books on principle, since the company was such a fierce competitor, and many independent booksellers followed suit, according to Shelf Awareness’s reports.

Analysts at Jefferies conducted two surveys of about 630 U.S. adults on March 10 and March 27 that show how the pandemic is influencing demand for Amazon’s products and delivery horsepower. Amazon was the only online retailer that saw consumers increasing their spending, according to the surveys. The percentage of consumers who said they are spending more on Amazon jumped from 14 percent to 34 percent. Consumers are spending less on other sites, like eBay, Chewy, and Etsy, according to the analysis.

Analysts say JD Finance's spinoff is seen as a preparatory move toward its listing on a domestic stock exchange, as well as obtaining more financial licenses.

An oversized, masculine blazer is displayed in an online shop on Alibaba's e-commerce platform, Taobao. The garment is now said to be the hottest item for women buyers. [Photo/taobao.com]