Can you really call yourself the world’s biggest retailer if your edge comes from the cloud?

In this episode, hosted by Michelle Martin with Ryan Huang, we unpack how Amazon dethroned Walmart in 2025 revenue - but only thanks to AWS.

Strip out cloud, and the retail crown looks very different.

We examine Walmart’s softer profit print, its quiet online gains, and why its stock is beating Amazon year-to-date.

In Singapore, DBS upgrades Genting Singapore amid strong cash reserves and a constructive gaming environment.

Plus: Sea Ltd & Google’s AI tie-up, Nestlé’s ice cream exit, New Balance vs Nike, OUE REIT & UOB’s One Raffles Place sale, and the STI’s charge past 5,000.

Hear about: Amazon | Walmart | AWS | DBS | Genting Singapore | Sea Ltd | Google | Nestlé | New Balance | Nike | OUE REIT | UOB | Yangzijiang Shipbuilding | Mapletree Logistics Trust

See omnystudio.com/listener for privacy information.