Incorporated as “Cadabra” in 1994 by Jeff Bezos, the company went online the following year as 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.

Alibaba cloud unit sets sights on Amazon in US$1 billion global push

Alibaba is targeting Amazon's Web Services cloud computing arm with a US$1 billion investment push. Photo: Reuters

China's Alibaba Group said on Wednesday it would invest US$1 billion into its Aliyun cloud computing arm to challenge lucrative Web Services division, opening a global front in the battle between the two e-commerce giants.

Thursday, 30 July, 2015, 10:24am

Amazon shares soar on surprise profit, market value bigger than that of world's largest retailer Wal-Mart

File photo of worker gathering items for delivery at Amazon's distribution centre in Phoenix. Photo: Reuters

Amazon shares surged more than 17 per cent on Thursday as the online retailer posted an unexpected quarterly profit, pushing its market value above that of Wal-Mart Stores, the world’s largest retailer.

24 Jul 2015 - 11:35am 1 comment

Amazon debuts Alexa, home-based virtual assistant to take on Apple's Siri

Amazon has high hopes for its new virtual assistant. Photo AFP

Internet retail giant Amazon has introduced a home virtual assistant always at the ready to answer questions, fetch news, play music or help with to-do lists.

8 Nov 2014 - 3:40am

Amazon launches 3D 'Fire' smartphone to challenge rivals

Amazon launches 3D 'Fire' smartphone to challenge rivals

UNITED STATES, San Francisco : Amazon on Wednesday unveiled its "Fire Phone," a high-end handset boasting 'breakthrough technologies,' which enters a crowded market dominated by the likes of Apple and Samsung.

29 Oct 2014 - 12:13pm

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

Books available through Amazon's Kindle Unlimited subscription service.

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.

20 Jul 2014 - 6:35am

Online giant Amazon has few women in senior executive positions

Amazon's founder Jeff Bezos runs the company through a select all-male group of 12.

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 and Mattel profits miss forecasts, 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

An Amazon PrimeAir drone

Jeff Bezos' plan to deliver 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

Jeff Bezos

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

An Amazon worker handles an item for delivery. The company plans to use mini-drones to deliver small packages to customers. Photo: Reuters

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 versus the rest as retailers fight for holiday shoppers

A worker gathers items for delivery at an warehouse in Phoenix, Arizona. Physical stores are now finding ways to combat Amazon's lower prices. Photo: Reuters

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

Since the launch of the original Kindle e-book in 2007, Amazon has become a major player in the online book market. Photo: Reuters

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 back up after going down for US, Canadian users’s website was disrupted on Monday but the cause is still unknown. Photo: Reuters, 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

The US government has recommended that Apple be forced to end its current e-book deals with five top publishers. Photo: AFP

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

After ruling against Apple, a US District Court has ordered a new hearing to determine damages. Photo: AFP

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