Amazon
Founded by Jeff Bezos on July 5, 1994, Amazon is an American multinational technology company which originally began as an online bookstore. Today, it has expanded its scope of products and services, becoming one of the world's largest technology companies.
At present, it is led by Andy Jassy, who succeeded Bezos as the CEO after the latter resigned in 2021.
Amazon's primary business is its online marketplace, where it sells products in various categories such as electronics, books, apparel, home goods, and more.
In 2005, Amazon introduced its subscription service, Amazon Prime, which offers benefits like free two-day shipping, access to the OTT platform Amazon Prime Video, ad-free music streaming, and more. In 2006, Amazon launched its cloud computing platform, Amazon Web Services (AWS).
In 2007, Amazon introduced the Kindle e-reader, which revolutionised the way of reading digital books, newspapers, and magazines. Providing access to a wide range of e-books and digital content, the Kindle ecosystem allows users to purchase and read digital books, newspapers, and magazines on a portable device.
Alongside this, Amazon has also developed two intelligent virtual assistants called Alexa and Echo. These devices can perform tasks, interact with users through voice commands, control smart home devices, play music, and more.
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News
Samir Kumar to take over as country Manager of Amazon India
Akshita Toshniwal | September 18, 2024
Manish Tiwary, the current country manager for Amazon India, has decided to explore an opportunity outside Amazon.
News
Ecommerce majors to start annual festive sale from next week
Trisha Medhi | September 17, 2024
Flipkart and Amazon will first offer early access to their paid subscribers before opening the sale to all customers. Myntra Insiders, members of the platform's loyalty program, will receive Early Access to the Big Fashion Festival 24 hours ahead of the general public.
Technology
India’s DPI is going global, says Nilekani
Team YS | September 14, 2024
Infosys non-executive Chairman Nandan Nilekani said the robustness of India’s digital public infrastructure has enabled its overseas expansion.
Report
Ecommerce poised for 20% growth this festive season: Delhivery report
Pooja Malik | September 13, 2024
In its report, Delhivery said AI recommendations are playing a key role in shaping consumer choices, with 61% of consumers finding them as extremely beneficial.
Ecommerce
Amazon India creates 1.10 lakh seasonal jobs ahead of festive season
Pooja Malik | September 12, 2024
Amazon' said its workforce includes thousands of women and nearly 1,900 PWD (persons with disabilities), and it has onboarded most of its new hires.
Ecommerce
Amazon expects to surpass $13B in ecommerce exports from India this year
Akshita Toshniwal | September 5, 2024
Ecommerce exports on Amazon are driven by categories including beauty, apparel and health and personal care.
News
Piyush Goyal raises concerns over ecommerce growth, criticises discounting strategies
Pooja Malik | August 21, 2024
Goyal iterated the need to look at the medium-to-long term socio-economic impact of the growth of ecommerce.