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.
KUALA LUMPUR, May 5 — The cloud computing paradigm shift is an undeniable and unstoppable force driven by the competitive needs of businesses and while there are still some impediments that stand in the way of full adoption, its acceptance will eventually happen, says the top executive of a major cloud player. Dr Werner Vogels, chief technology officer of Amazon Web Services (AWS) Inc, says companies – both big and small – can no longer afford to consider the cloud as a ‘nice to have,’ and those that do will stand to lose out in a big way.
BANGALORE, INDIA: Amazon.in today announced the launch of its Hindi book store with a wide selection of over 23,000 Hindi titles; making it the largest selection in India. The store offers a massive collection ranging from literature and fiction, inspiring biographies, children’s books, classic novels by famous authors including Premchand, Gulzar, Javed Aktar, Harivansh Rai Bachchan, Kamaleshwar, Yashpal and a selection of the prestigious Sahitya Academy award winning books.
The smartphone supply chain is starting to prepare smartphone component orders from Amazon for a device set to release in 2014, according to industry sources. The sources said that Amazon is finally ready to mass produce a smartphone in 2014, with orders starting to be sent to the supply chain as of March 2014, including to companies such as FIH Mobile.