So far it’s just a rumor, but inside sources are saying that Amazon may be in preliminary talks to buy BigBasket, India’s largest online grocer. BigBasket is growing fast. Last year, it raised $150 million in a funding round led by Dubai’s Abraaj Group. It...
News of Amazon’s plan to enter the U.K. online auto sales market after a current test run in Italy has unnerved shareholders of Britain’s biggest auto dealer websites. According to Bloomberg Markets, the news that Amazon might be selling vehicles in the U.K. caused Britain’s Auto Trader...
According to reports out this morning, Amazon.com has lent over a $1 billion in loans to its marketplace sellers over the last year — slightly less than the $1.5 billion it lent during the 4 years between 2011 and 2015. Funds lent to merchants from Amazon are...
Amazon already has a hold on high-income shoppers in the U.S., but the online retailer now wants to attract lower-income customers to the site with a 45 percent discount on Prime memberships. According to Recode, Amazon announced the new deal on Prime — $5.99 a...
Amazon doesn’t want to be left out of the smartphone market and as a result is reportedly working on a new Android mobile phone lineup under the codename Ice. That’s according to a new unsourced report that said the devices are aimed at succeeding the...
Amazon, the world’s largest online retailer, is “actively looking” for a warehouse to start operations in Australia. According to Bloomberg, one analyst believes Amazon may start selling everything from non-perishable groceries to books and electronics in Australia by the end of 2017, with Amazon Prime launching...
Amazon has officially launched an app that enables users to use their remote to browse products on its Fire TV. According to a report in TechCrunch, the app came out in late May. The shopping app for Fire TV lets users search the Amazon website...
Amazon is on its way to dominating the Internet of Things (IoT) space, as the Echo series continues to win over tech-savvy households and consumers who are diehard fans of the company’s services. According to DigiTimes, shipments for Amazon Echo products could reach 10 million...
Amazon announced that it will make up to $70 million in refunds to customers who were charged for unauthorized in-app purchases made by a child. According to the Federal Trade Commission, consumers may be eligible for a refund from Amazon if they were billed for...
