Amazon is ramping up its presence in Brazil, but the Amercian giant may struggle to dominate the country's retail, according to a various industry insiders, who say Amazon's slow rollout gave rivals a chance to prepare.
The ranks of people subscribing to Amazon Prime service for speedy delivery of purchases and streamed television has topped 100 million, the company's chief Jeff Bezos said Wednesday in an annual letter.
Walmart is likely to reach a deal to buy a majority stake in e-commerce player Flipkart by the end of June in what could be the U.S. retail giant's biggest acquisition of an online business, according to two sources.
Following US President Donald Trump’s repeated attacks on Amazon’s treatment of the US Post Office, analysts from Piper Jaffray Companies have stated that they do not believe the online retailer will face higher rates.
The largest American business lobby group came to the defence of Amazon.com Inc on Tuesday after a multi-day Twitter attack by U.S. President Donald Trump that included unsubstantiated criticism of the online retailer.
Amazon shares fell as much as 7.4 percent on Wednesday, briefly wiping about $53.6 billion from its market value, following reports that Donald Trump is obsessed with the online retailer and wants to rein in its power.
Amazon chief Jeff Bezos is now the world's richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine's annual billionaires list.