Very critical areas that we all should think about. Small shopkeepers and startups have been failing due to the giants like Amazon resulting in unemployment and social disequilibrium. Though Amazon isn't in my country but recently Ali baba has decided to come to Pakistan and small local eCommerce websites have started selling their business to Ali baba. Even the the most famous eCommerce website daraz.pk in Pakistan is selling itself to Ali baba, the amount is in millions and they know that they can't compete with Ali baba.
But the sad story is we can't do anything to stop this!
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Not true. Small businesses don't fail due to big business. They fail because they don't find a niche and market themselves to their own niche. Instead, they try to compete with the Big Boys. Find your own niche. Find success. And don't worry about the big boys, they'll take care of themselves.
I disagree. Unless you are in a service oriented business, niche or not, success will be much much harder.
Yes it appears there is a kind of unspoken agreement where Amazon will carve up the Western markets and Alibaba will take the Eastern ones.
Yep 100%
do you reckon? but can they be blamed for pulling customers
Not sure what you mean.