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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Technology
Amazon profit soars 55% in Q3 driven by cloud growth
Ishan Patra | November 1, 2024
In Q3, Amazon’s net sales rose 11%
News
Amazon, Starlink execs caution government on spectrum pricing, regulations
Pratap Vikram Singh | October 17, 2024
If India prices spectrum higher, satellite services will go after the urban, affluent subscribers, said Amazon’s Asia Pacific leader for satellite business while speaking at the IMC.
Ecommerce
Ecommerce order volumes up 16% in the first 10 days of festive sales: Unicommerce
Abha Warrier | October 8, 2024
According to Unicommerce, the categories leading the growth drive include healthy snacks and eatables, with over 65% order volumes YoY, kitchenware (34%), and apparel (over 22%).
OTT
Amazon acquires some assets of OTT platform MX Player
Sai Keerthi | October 7, 2024
The acquisition will merge ad-supported video-on-demand offerings of MX Player and Amazon miniTV into one service, Amazon MX Player.
News
Traders’ body CAIT calls for dedicated regulatory body for ecommerce
Akshita Toshniwal | October 3, 2024
The letter comes as both Amazon and Flipkart host millions of buyers on their platforms for festive sales, namely Big Billion Days and Great Indian Festival, respectively.
Ecommerce
Ecommerce order volumes up 20%, GMV higher 24% YoY as festive season begins: Unicommerce
Bhuvana Kamath | October 1, 2024
Several product categories recorded an increase in volume, according to Unicommerce, including fashion and accessories which saw over 32% growth, driven by strong demand for items like travel accessories, watches, and children's clothing.
Marketing
Jeff Bezos’s ‘Day 1’ secret to Amazon's business success
Aasma Khan | September 24, 2024
Learn how Jeff Bezos's "Day 1" philosophy can help your business stay agile, customer-focused, and innovative in a rapidly changing marketplace.
Ecommerce
Amazon announces commission hike for content creators ahead of festive sale
Press Trust of India | September 23, 2024
Amazon said the revised structure will offer content creators 1.5-2X increased income across product categories, including fashion, beauty and personal care appliances, home, kitchen, toys, and books.