NEW DELHI: China-based mobile Internet browser company UCWeb today said it has partnered with leading e-commerce firms including Amazon, Flipkart, Snapdeal for a 15-day Diwali shopping festival. “The idea is that you can browse and compare the product prices via UC Browser, to find the best available deals from Amazon, Flipkart, Snapdeal, Myntra, Jabong, Homeshop18 and Shopclues,” the company said in a statement.
Ecommerce might be young in India but it’s growing super fast. India’s ecommerce market will reach US$6 billion in consumer spending in 2015, leaping from US$3.5 billion in 2014, according to the latest data from Gartner . This makes it one of the fastest-growing ecommerce markets in Asia/Pacific. The potential for a 70 percent growth rate to be maintained or even accelerated can be seen from the low base from which it is emerging.
Cloud behemoth Amazon Web Services is constructing two large data centres of its own in Sydney, Australia. The builds – which have already moved beyond site selection and design – come just 18 months after the public cloud provider began offering services from racks housed within three co-location facilities in the New South Wales capital.
Amazon has tied up with the Future Group retail chain in India, which is a big step-up in distribution capability for both, and sounds fresh alarm bells for local ecommerce players Flipkart and Snapdeal. Media reports said the deal goes far deeper than selling Future Group products on Amazon. “We are exploring synergies in data sharing, co-branding, and distribution network sharing,” Future Group chairman Kishore Biyani told The Economic Times .
NEW DELHI: Jeffrey P. Bezos, chief executive officer of Amazon.com, met Prime Minister Narendra Modi, an official statement said. Bezos, who is in India for a visit, had earlier termed India an amazing country, which is full of opportunities and boasts of people who are hard-working, vibrant and have a zest to succeed. Amazon has high expectations from its Indian operations, he noted.
‘Pay with Amazon’, the ecommerce giant’s attempt at making online and mobile payments far more convenient and secure, launched in India today, well before the much-anticipated Apple Pay. This payment tool from Amazon is for other ecommerce companies to integrate a smoother and more convenient payment system on their own sites. This means that third-party online retailers and merchants can outsource their financial transactions infrastructure to Amazon. Shoppers, in turn, can use the information stored in their Amazon account to make purchases on those other ecommerce sites.
Indian ecommerce portals Amazon, Flipkart, and Infibeam are taking preorders of the Apple iPhone 6 and iPhone 6 Plus. With a promise of an assured delivery on launch day (October 17), the listings also reveal the price – iPhone 6 starting at INR53,500 and iPhone 6 Plus starting at INR62,500. Users can preorder the iPhones online from today to avoid waiting in the queues to purchase one later (Flipkart , Amazon , Infibeam).
Mumbai: Digital India is proving to be a magnet for global technology companies, a point driven home by the visits of three global executives to the country in September alone—a month that also sees manifold increases in the pre-Diwali offline and online sales pitches for electronic gadgets that Indians love to buy. On 15 September, Sundar Pichai, senior vice-president at Google Inc. A couple of weeks later, Jeff Bezos, president, chief executive and chairman of the board of the world’s largest online retailer Amazon.com Inc. This was followed by the visit of Satya Nadella, chief executive of Microsoft Corp.
Tax authorities in Bangalore, the capital of Karnataka state, are looking into why Amazon India does not pay value-added taxes – as required under the VAT Act, 2003 – on goods stored in its warehouses. The investigation was first reported by Deccan Herald late last month. Now the matter has escalated. The Enforcement Directorate has issued notices to a number of vendors and stopped the sale of their products from Amazon’s warehouses, Mint reports.
Alibaba will be the third-biggest internet company in the world by market cap if analysts’ estimates hold up. It will surpass both US ecommerce giant Amazon and Chinese rival Tencent. Chinese companies take up four of the top 10 spots and make up three of the top six. Baidu (NASDAQ:BIDU) sits at number six, while JD (NASDAQ:JD) rounds out the top 10. Google (NASDAQ:GOOGL) leads by a long shot with nearly twice the market cap as runner up Facebook (NASDAQ:FB).
NEW DELHI: Competition in the booming multi billion dollar Indian smartphone market is further set to intensify with e-commerce giants Amazon, Flipkart and Snapdeal all set to launch Google’s much-awaited sub-USD 100 (around Rs 6,000) handsets tomorrow. Google is launching the Android One devices in India tomorrow. In June this year, the US-based tech giant had announced the ‘Android One’ initiative to bring in under-USD 100 handsets aimed at bringing the next one billion population to the Android operating system ecosystem.
Chinese exporters might have found a way around using Taobao and Alibaba to ship overseas. The management committee of China (Shanghai) Pilot Free Trade Zone and Shanghai Information Investment have respectively signed a memorandum of cooperation with Amazon.com aimed at cross-border e-commerce development and delivery. Shanghai’s cross-border trading e-commerce pilot platform formally started operation at the end of 2013.
Alibaba vs Amazon? It’s tough to compare the two e-commerce companies given that each company subscribes to different business model. But that didn’t stop the guys at Smart Intern China to create an infographic comparing the two giants. Infographic aside, it is perhaps important to note that Amazon and Alibaba each adopts different e-commerce models. Amazon follows the B2C model which purchases stock and maintains its own warehouse and logistics. Whereas Alibaba follows the C2C and B2B2C models (like Taobao and Tmall) which are open platforms and marketplaces.
Amazon.com is investing US$2 billion more in India, which is witnessing an online retail boom. The online retailer has been expanding in India, and earlier this week said it was setting up five new fulfillment centers in the country, which will double its total storage capacity to over half a million square feet (over 46,500 square meters). The investment announcement comes a day after a top Indian online retailer, Flipkart Internet, said it had raised $1 billion in new funding.
Amazon announced that Doug Gurr will replace Steve Frazier as the new president of Amazon China. Meanwhile, Frazier will be transferred back to the Seattle headquarters and continues to work as global vice president of the international business unit. Frazier was leading Amazon’s Chinese Internet retailing business in the past two and half years. In the future, he will be responsible for business expansion in international markets, including supporting the Chinese business.
TAIPEI–The Taiwan External Trade Development Council (TAITRA), the country’s major trade promotion body, signed a memorandum of understanding (MOU) Monday with Amazon.com Inc., the world’s largest online retailer, to forge a partnership agreement. Following cooperation with eBay Inc. and Newegg.com Inc. of the United States, along with Japan’s IPROS Corp., the signing of the MOU marks TAITRA’s latest efforts to promote e-commerce platforms, expand overseas markets and boost exports.
Amazon Web Services today announced the availability of the graphics oriented Elastic Compute Cloud (EC2) G2 instance served from its Sydney facility. Called g2.2xlarge, the instances feature eight virtual processors based on Intel’s Xeon E5-2670 Sandy Bridge CPUs with 15 GiB of memory each; they are backed by 60GB of solid state disc storage.
While Amazon (NASDAQ:AMZN) dominates ecommerce in the US, it’s only a small player here in China. With just over two percent of China’s huge B2C ecommerce market, the company has been relatively quiet here other than a handful of Kindle launches. That’s why we were surprised to find out that Amazon just dropped a US$20 million funding round on Chinese fresh food estore Yummy77 late last week.
Amazon Web Services (AWS) has announced the release of its WorkSpaces cloud-based virtualised desktop offering in Australia and the greater Asia Pacific region. The Asia Pacific launch comes seven months after the company first introduced the cloud-based virtualised desktop service at the company’s AWS re:Invent summit in Las Vegas last November, along with the release of a preview Beta version of the offering.
Trend Micro has extended its Deep Security as a Service on Amazon Web Services for customers in the Asia-Pacific region. This offers AWS customers in the region a variety of security modules, such as data encryption, firewall, malicious software detection and blocking, web reputation and integrity monitoring, and compliance controls.