AMAZON

Bullish on "Make in India", Amazon opens global e-comm markets to exporters

Source: 
The Hindu Business Line

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's retirement savings plan is pretty brutal, too

Source: 
The Sydney Morning Herald Online

To judge by Amazon's retirement savings plan, the giant online retailer doesn't have much in common with its more benevolent Silicon Valley peers. The workplace culture now under scrutiny for its reportedly brutal tendencies is paired with a comparatively stingy and risky retirement plan.

Amazon sparks tech workplace debate

Source: 
The Sydney Morning Herald Online

In the tech industry, some companies rely on taskmaster bosses and long hours to beat out competitors. Others nurture employees with flexible schedules and perks like free food and Ping-Pong tables.

What's the better approach is a lively subject of debate on Twitter and elsewhere following a recent New York Times article that painted a harsh, demanding environment at Amazon, the world's largest retailer.

Amazon boss Jeff Bezos defends company's workplace culture

Source: 
BBC News

The world's biggest online retailer is firing back against reports of an abusive corporate culture.

A New York Times report over the weekend described a demanding and degrading environment at Amazon. Amazon's boss Jeff Bezos wrote in a memo to staff that the "article doesn't describe the Amazon I know".

Amazon's value surpasses Wal-Mart after surprise 2Q profit

Source: 
CNBC

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.

Amazon joins technology flow into Sydney

Source: 
The Sydney Morning Herald Online

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 to offer loans to sellers in China, 7 other countries

Source: 
Jakarta Globe

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 moving on new line of food, household goods

Source: 
CNBC

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.

Amazon launches organic gardening store

Source: 
The Hindu Business Line

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.

Cloud set to take over retail in 10 years: Amazon CTO

Source: 
CNBC

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.
 

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