Amazon on Tuesday announced the launch of its Global Selling Program in India, opening doors for Indian businesses to export to e-commerce markets of the world.
Amazon is extending two of its pioneering products – Selling On Amazon (SOA) and Fulfillment By Amazon (FBA) – to businesses of all sizes and scale from across the country to go global and showcase their "Made in India" creations and products to hundreds of millions of customers, starting with the US and the UK, by listing it on Amazon.com and Amazon.co.uk .
Amazon shares surged almost 10 percent on Friday after the e-commerce powerhouse reported a surprise second-quarter profit and a better-than-expected 20 percent jump in revenue.
The sharp increase in shares brought Amazon's market value to USD247.77 billion, more than its biggest rival, Wal-Mart Stores Inc., signalling a sea change in retailing. Amazon, which just turned 20, is now valued higher than the world's largest retailer.
Global internet giant Amazon is set to expand its footprint in Australia.
A market brief has been issued to leasing agents for office space in Sydney and then Melbourne. It marks the official arrival of the technology and online retailer in the Asia-Pacific region and jobs for administration, technology support, sales and corporate staff.
Amazon.com will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share.
Until now, the e-retailer has offered the service only in the United States and Japan. Amazon Lending, founded in 2012, now plans to offer short-term working capital loans in other countries where it operates a third-party, seller-run marketplace business, the head of Amazon Marketplace, Peter Faricy, told Reuters.
Amazon became the largest internet retailer in the US by selling millions of other manufacturer's items – now, it's expanding its own.
Amazon previously introduced its Elements brand of products last year, featuring everyday essentials available for Prime subscribers. But now the e-commerce giant is expanding its brand to include food staples, such as milk and cereal, and household products, according to sources cited by The Wall Street Journal.
Online marketplace Amazon.in has launched an Organic Gardening store for customers who want to grow vegetables at their kitchen gardens.
There is a growing demand for organic products and Amazon.in in its endeavour to build a destination where customers can find, discover, and buy anything that they desire online is providing an array of natural products with the newly launched store. The store has been curated in three broad areas — Seeds, Fertilisers and Pest Control — the company said.
If you think you knew Amazon, things are about to change.
Amazon has built its business and reputation by becoming an e-commerce giant, but one of the company's top execs says 10 years from now, it will be all about the cloud and its division Amazon Web Services (AWS).
Amazon Thursday broke out the figures for AWS for the first time ever, and Wall Street liked what it saw. The division generated USD5.16 billion in revenue last year and USD1.56 billion in sales in the first quarter of 2015, up 49 percent from last year.
Amazon is in talks to buy online luxury retailer Net-a-porter in what could be the biggest acquisition yet for the e-commerce giant, but the negotiations are in early stages and could fall apart, Forbes reported, citing a person familiar with the matter.
The potential deal, first reported by Women's Wear Daily, could value Net-a-Porter lower than the valuation of EUR2 billion (USD2.16 billion) reported by the fashion industry trade journal, Forbes reported on Thursday, citing the person.
Amazon and Microsoft are "friends" not rivals of Alibaba in the cloud computing space, a top exec at the Chinese e-commerce giant told CNBC.
The comments come just a few days after Alibaba opened a data centre in Silicon Valley – its first on US turf in a cloud market dominated by Amazon, Google and Microsoft.
But Ethan Yu, the international head of Alibaba's cloud division, Aliyun, told CNBC that the company was not in competition with its US counterparts.
Amazon has reported a net profit of USD214 million during the Christmas trading period, just months after reporting its biggest ever loss.