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.
- Articles(9555)
- Videos(38)
News
CCI clears Amazon Asia's 76% stake buy in Frontizo
Press Trust of India | July 24, 2024
Frontizo’s unit, Appario Retail, is engaged in B2C business and wholesale (B2B) sales in India. It offers products to customers on the Amazon India Marketplace.
Union Budget
Ecommerce operators hail TDS cut, export hubs announced in Budget 2024
Akshita Toshniwal | July 23, 2024
Finance Minister Nirmala Sitharaman has reduced TDS for ecommerce operators and announced the establishment of ecommerce hubs aimed at boosting exports.
Spotlight
Trillion-dollar club: These US firms dominate the charts
Aasma Khan | July 18, 2024
Explore how six US tech giants like Apple, Microsoft, and Nvidia surged into the trillion-dollar valuation club as of mid-2024.
News
Amazon India plans exclusive deals and product launches on Prime Day
Pooja Malik | July 15, 2024
With Amazon Pay UPI, Amazon Pay ICICI Credit Card, and more, consumers will get extra benefits like a 10% instant discount with ICICI Bank debit or credit card.
News
Top line can grow to Rs 2.5 lakh Cr in 5-10 yrs if we execute well: Zepto CEO
Press Trust of India | July 6, 2024
Zepto Co-Founder and CEO Aadit Palicha said the grocery and household essentials market was around $650 billion in India in FY23 and is growing at 9% CAGR, and is expected to get to about $850 billion by FY29.
Social Media
Amazon to acquire some assets of MX Player
Payal Ganguly | June 6, 2024
Amazon has confirmed buying out some assets of Times Internet owned video streaming platform MX Player. The deal which is being ironed out, values MX Player at almost a tenth of its $500 million valuation in 2019 on the back of an investment by Tencent, according to reports.
Retail
Amazon reports profits for Q1 2024 with surge in AWS sales
Payal Ganguly | May 1, 2024
Amazon tripled its profits for Q1, 2024 on the back of growing business for AWS, advertising and retail.
Daily Capsule
Dilip Asbe on NPCI, UPI going global; Singularity Growth invests in Indian startups
Team YS | April 12, 2024
In March 2024, UPI’s total transaction value stood at Rs 19.78 lakh and the number of transactions (payments) at 13.4 billion. However, Asbe believes there is ample opportunity to grow.