Amazon's Move To Become Freight Forwarder Shows Continued Investment in China, Says Credit Suisse

Amazon China reportedly registered with the Federal Maritime Commission to be a freight forwarder as Beijing Century Joyo Courier Service Co. (see 1601150033), which shows the company isn't giving up on investments in China, said a report from Credit Suisse research analysts. The report said analysts' conversations with Amazon officials suggested the company "will look to iterate its effort to offer Chinese consumers guaranteed authentic products." The report also suggested the fees Amazon will collect as a freight forwarder could result in savings from lower prices for consumers.