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.
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
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.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
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
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 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
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 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, 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
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