Even though Amazon’s (NASDAQ: AMZN) main growth engine comes from its cloud computing division, Amazon Web Services (AWS), the company is not sitting idle in other areas of its business. It recently set its sights on two competitors to help drive growth in its consumer-focused business. Let’s take a closer look at these initiatives to see if they can help drive growth and see if now is a good time to buy Amazon stock. The fastest growing e-commerce app over the past two years is Temu, owned by Chinese company PDD Holdings (NASDAQ: PDD). The app offers extremely cheap deals on a variety of products sold and shipped directly from China. Rival Shein is also growing rapidly in the clothing category, where it offers discounted clothing that it sources from third-party manufacturers in China.Continue readingMore articles on MotleyFool More articles on MotleyFool