• Thu
  • Oct 23, 2014
  • Updated: 5:35pm


Incorporated as “Cadabra” in 1994 by Jeff Bezos, the company went online the following year as amazon.com. It started as an online bookstore but soon diversified into DVDs, CDs, MP3 downloads, software, video games, electronics, apparel, furniture, food, toys, and jewellery. Apart from online retailing, Amazon also produces consumer electronics, notably the Amazon Kindle e-book reader and the Kindle Fire tablet computer, and provides cloud computing services.

Amazon unveils 'rent an e-book' monthly subscription plan for mobile devices

Online giant Amazon has unveiled a Netflix-style subscription plan for unlimited access to e-books, a move which could shake up the world of publishing.

Sunday, 20 July, 2014, 6:35am

Online giant Amazon has few women in senior executive positions

Amazon may share its name with fearsome female warriors, but the online retail giant has just 18 women among its 120 most senior managers, and none of them report directly to the boss.

28 Apr 2014 - 5:21am

Amazon and Mattel profits miss forecasts

Amazon.com, Mattel and MasterCard posted fourth-quarter earnings that missed analysts' estimates, trimming the ratio of S&P 500 Index earnings that have exceeded projections this reporting season to 79 per cent.

3 Feb 2014 - 6:20am

Amazon's drones a sign of returns losing altitude

Jeff Bezos' plan to deliver Amazon.com packages by drone is not just an idea which skirts the line between satire and reality. It is also a neat little illustration of how technological innovation may be lowering overall investment returns.

5 Dec 2013 - 6:00am

Amazon testing 'octocopter' drones to fly packages to a customer's door

Chief executive officer Jeff Bezos unveiled the plan on CBS's 60 Minutes news programme in the US, showing interviewer Charlie Rose the flying machines that can serve as delivery vehicles. He said the gadgets can carry as much as 2.3kg within a 15-kilometre radius of an Amazon warehouse.

3 Dec 2013 - 8:56am 2 comments

Amazon unveils futuristic ‘octocopter’ drone delivery plan

Amazon CEO Jeff Bezos revealed on Sunday that his company is looking to the future with plans to use “octocopter” mini-drones to fly small packages to consumers in just 30 minutes.

The US retail giant’s ambitious project still requires additional safety testing and federal approval, but Bezos estimated that Amazon “Prime Air” would be up and running within four to five years.

2 Dec 2013 - 3:02pm

It's Amazon.com versus the rest as retailers fight for holiday shoppers

This holiday shopping season, it is Amazon versus everyone else. The online giant has attracted customers from the likes of Wal-Mart and Best Buy with low prices and convenient shipping.

29 Nov 2013 - 4:10am

Amazon upgrades Kindle Paperwhite

Amazon is upgrading its Kindle Paperwhite electronic book reader with a sharper display, expanded dictionary and faster computer hardware.

A version that includes ads is available for pre-order starting Tuesday for US$119 and will begin shipping September 30.

4 Sep 2013 - 3:32pm 2 comments

Amazon.com back up after going down for US, Canadian users

Amazon.com, the website of the world’s largest online retailer, came back up after going down for about 15 minutes on Monday for many users across the United States and Canada.

It was unclear what triggered the rare disruption, and Amazon did not respond to requests for comment.

20 Aug 2013 - 10:37am

Judge sets Apple e-book damages trial for May 2014

A US jury is to convene next May to determine damages to be paid by Apple for e-book price-fixing, a judge has ordered.

New York federal Judge Denise Cote, who found Apple guilty in July of a price-fixing conspiracy to boost the price of electronic books, placed the case on the May next year trial calendar, according to a court document made available Thursday.

16 Aug 2013 - 10:53am

Apple case cracks open e-books, digital goods pricing

A ruling by an American judge that Apple illegally conspired to fix e-book prices could boost competition in the market for all kinds of digital goods, including music and movies, analysts say.

Wednesday’s decision by a federal judge also may allow online retail giant Amazon to cement its dominance, though pricing models are still evolving.

12 Jul 2013 - 12:16pm

For Amazon, another role: comic book publisher

Online retailer Amazon.com will start publishing more original comics through its new imprint, Jet City Comics.

The name is a nod to Seattle’s historical ties to the development of jets in aviation. It’s also a sign of growing demand for more and more original comics and graphic novels that has seen established authors develop their own titles to slake fan demand.

12 Jul 2013 - 11:47am

Amazon shares hit another record on strong sales data

Amazon.com shares hit another record on Thursday after e-commerce firm ChannelAdvisor Corp released strong online sales data.

ChannelAdvisor reported that client sales on Amazon.com jumped 30.6 per cent in June, compared with the same month last year. That year-over-year growth rate was up from May’s rate of 25.8 per cent.

12 Jul 2013 - 11:18am

Barnes & Noble retreats from tablet wars as Nook sales plummet

Barnes & Noble will stop manufacturing its own Nook tablets, marking the end of its expensive attempt to compete alone with deep-pocketed rivals Amazon.com, Apple and Google in the tablet wars.

26 Jun 2013 - 10:50am

Amazon sells e-books on China site

Amazon.com, the world's largest e-commerce company, has started selling e-books through its China site, a week after the company announced it was doing the same in Brazil.

14 Dec 2012 - 3:00am