Amazon Rival Jet.com in the News

The still not released eCommerce site Jet.com, rival to Amazon, is in the news a bit.

First up is a Re/Code story on the offering:

http://recode.net/2015/05/01/jet-com-first-look-prices-are-fantastic-but-amazon-prime-shoppers-wont-switch-over/

Here is a snippet from that piece:

Two days ago, Jet.com gave me access ahead of yesterday’s private launch to 10,000 people who had signed up early. I played around with the site for a few hours, which was enough time to get a feel for how it worked and to do some price comparisons. It’s important to note that this is a first look, and that Re/code’s stellar reviews team will likely do a thorough review in the coming months. That said, here are a few thoughts.

Next is news from Forbes that Alibaba, the Chinese Amazon, invested in Jet.com.  "The enemy of my enemy is my friend?"

http://www.forbes.com/sites/ryanmac/2015/04/29/alibaba-set-to-invest-in-amazon-challenger-jet-com/

Here is a snippet from that piece:

Chinese e-commerce powerhouse Alibaba Group recently invested in Jet.com, a soon-to-launch online retailer that hopes to challenge Amazon.com, multiple sources confirmed to FORBES.

Alibaba’s previously undisclosed investment came as part of Jet’s $140 million round in February, which was led by Bain Capital Ventures and joined by the likes of Accel Partners, New Enterprise Associates and others. The Montclair, N.J.-based company also raised about $5 million last month in a filing disclosed with the Securities and Exchange Commission.

Now they just need to launch right?

Happy Reading,

J.W. Gant