JD.com launched in Britain under Joybuy, prompting calls for a UK probe into its €2.2bn Ceconomy bid over state-subsidy concerns. Jeff Bezos-backed Slate amassed 180,000 reservations for its $24,950 EV pickup, and investors shifted from Microsoft to Nvidia as $115bn in OpenAI infrastructure spending could boost AWS demand.
JD.com has entered the British market under the Joybuy brand following its €2.2bn bid for Ceconomy. Lawmakers are urging a parliamentary investigation into alleged Chinese state subsidies to assess unfair competition risks for UK retailers, including Amazon’s local operations.
Bezos-backed Slate revealed its first EV pickup priced at $24,950, attracting 180,000 reservations converted to paid preorders with delivery windows. The stripped-down model features hand-cranked windows and BYOR audio, with planned $400 monthly financing aimed at undercutting traditional automakers.
Institutional investors are moving from Microsoft to Nvidia to access OpenAI’s projected $115bn GPU infrastructure spend through 2029. This reallocation could benefit AWS GPU offerings as Amazon competes for AI workload deployments in the cloud market.
Finance
