444 stories in this topic
A consortium spearheaded by Jeff Bezos, Amazon’s founder, is on the brink of securing a one-third stake in Premier League team Liverpool. The consortium is reportedly being directed by Amit Bhatia, who is the son-in-law of steel tycoon Lakshmi Mittal and…
On Monday, JD, a top-tier e-commerce powerhouse from China, announced the expansion of its Joybuy online marketplace into several European markets. By extending its reach into the United Kingdom, Germany, France, the Netherlands, Belgium, and Luxembourg, JD…
Amazon has announced that it will abolish the referral fee for sellers in India on items priced under 1000 rupees (approximately US$10.98). This decision aims to encourage more retailers to use their platform and gain a stronger hold on India’s competitive…
In a bid to strengthen its foothold in India’s highly competitive e-commerce sector, Amazon recently announced that it will cease to charge sellers referral fees for products priced under 1,000 rupees, or US$10.98. This decision, revealed by the company on…
Australia’s marketplace sector is being redefined as global ecommerce giants use their international scale and advanced infrastructure to grow their share of consumer spending at the expense of local marketplaces, according to new research from Pattern. The…
E-commerce behemoth Amazon has confirmed that it is in conversations with several vendors to revise costs in response to the decrease in tariff rates imposed on imports from China. The company aims to reduce the amount it pays suppliers for goods sold through…
Amazon, the technology behemoth, has announced that it has been in discussions with various vendors regarding modulation of costs to mirror the decreased tariff rates on Chinese imports. Previously, the company aimed to reduce the amount it compensates…
E-commerce heavyweights, Amazon and Flipkart, are planning to venture into the financial services sector in India, by offering loans and buy-now, pay-later (BNPL) options. This strategic move is poised to challenge the traditional banking sector. Amazon’s…
The Thai coffee shop chain, Café Amazon, ended its operations in Vietnam on November 18. This closure concludes the brand’s five-year tenure in the Vietnamese market. The Closure Staff at Café Amazon locations commemorated their last day at work by sharing…
Amazon disclosed its expansion plans for its cost-effective e-commerce service, Amazon Bazaar, on a recent Friday. Known in the United States as Haul, the service is now available in 14 new markets, intensifying competition with Chinese counterparts like…
Amazon is reportedly planning to eliminate around 30,000 jobs in its corporate division, a move that one analyst referred to as a ‘deep cleaning’ of the organization’s workforce. This reduction would affect about 10% of Amazon’s nearly 350,000 corporate…
WeightWatchers announced on Monday its collaboration with Amazon to distribute medications such as injectable GLP-1 obesity treatments to its members. This partnership led to a 9% increase in the telehealth provider’s shares, as investors anticipated…
Amazon’s cloud service, Amazon Web Services (AWS), resumed regular operations on Monday afternoon after an internet outage disrupted thousands of sites worldwide, affecting popular applications like Snapchat and Reddit. AWS, which provides application hosting…
Cafe Amazon, a coffee chain operated by PTT Oil and Retail Business (OR), is accelerating its global expansion plans. Notably absent from its target locations, however, is Vietnam. This strategic decision follows the withdrawal of a Thai investor from Cafe…
Amazon’s cloud computing division AWS resumed regular operations on Monday after an extensive internet outage that disrupted thousands of websites globally, including popular apps such as Snapchat and Reddit. However, Amazon acknowledged that certain AWS…
Royal Enfield, a well-known motorcycle manufacturer, has recently made its entry into the online retail sector by offering its motorcycles for sale on Flipkart. Advancing its ventures in the e-commerce domain, the company has now disclosed its collaboration…