Amazon intends to invest $26 billion in India by 2030 amid increasing competition with Walmart. As Reuters reported Saturday (June 24), the company made that announcement after CEO Andy Jassy met with Indian Prime Minister Narendra Modi during his visit to the U.S. Jassy did not detail the company’s spending plan,...
Amazon is reportedly facing a full-scale EU antitrust investigation over its $1.7 billion acquisition of iRobot, the maker of the popular Roomba vacuum cleaner introduced in 2002. After completing its preliminary review of the deal on July 6, the European Commission has scheduled a four-month investigation, according to...
Category by category, the jousting for share of consumer spending is a pitched battle for Amazon and Walmart. One holdout, beauty and wellness, where the two firms have been running neck and neck, may tilt toward Amazon’s favor. In a note, Morgan Stanley contended that...
As small food brands look to reach consumers online, some are finding that, when it comes to both operational simplicity and to reaching the widest audiences, Amazon cannot be beat, despite the many frustrations of depending on the eCommerce giant. In an interview with PYMNTS,...
Amazon has teamed with YouLend to help small businesses in the U.K. gain financing in a tough lending environment. The partnership between the retail giant and embedded financing platform, announced Tuesday (June 20), gives merchants cash advances linked to their sales, letting them make repayments as they...
After more than a year, Amazon’s $1 billion logistics fund is reportedly 90% unspent. The retail giant unveiled the Amazon Industrial Innovation Fund in April 2022, with the goal of investing in companies working to “incrementally increase delivery speed” and improve the experience of employees in the...
As technology providers compete to offer restaurants the most powerful digital tools, Amazon is promising eateries the ability to capitalize on consumers’ cravings nearly the moment they arise. In an interview with PYMNTS, Mark Yoshitake, general manager and director of Alexa Skills at Amazon, explained that the company’s...
America’s telecom giants say they have no plans to work with Amazon to offer low-cost wireless to Prime members. A report Friday (June 2) by Bloomberg News said Amazon was in talks with Verizon Communications, T-Mobile US and Dish Network on a plan to offer Prime...
Amazon, the world’s largest online retailer, is reportedly in talks with several wireless carriers to offer its Prime subscribers low-cost or even free nationwide mobile phone service. The company is negotiating with Verizon Communications, T-Mobile US and Dish Network to secure wholesale prices, with the...