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Amz.Group for Amazon Sellers, Vendors and Brands
Amazon is a large, fascinating but complex ecosystem. Gather insights from industry experts through relevant and rich Guides, Articles and Tips & Tricks; Inform yourself of the latest trends with summary of the latest Amazon news; discuss with your peers & experts in spam free discussions forums.
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Latest News from the Amazon Ecosystem
Alibaba Offers International Financing Options With Alibaba Cross-Border Payment Terms
Alibaba has just introduced Alibaba Cross-Border Payment Terms, a financing solution for American SMEs that will allow smaller sellers to order items in bulk without having to pay for them for up to 60 days. This marks the first time a B2B ecommerce website has offered international financing directly through the platform itself. The company says that they developed this feature to provide more options for SMEs who might struggle to secure the same favourable financing terms as large busine
Amazon Secures Record Low 0.4% Interest in $10 Billion Debt Sale
Amazon has just announced that it has acquired $10 billion in new debts to be used for general corporate expenditures. This debt consists of six tranches ranging from $1 billion to $2.5 billion each, with maturities lasting up to 50 years. One of the $1 billion tranches was oversubscribed and was thus able to be sold at an unprecedented 0.4% interest rate. The rest sold at rates between 0.8% and 2.5%, which is still relatively little interest for a company to pay at this time. Analysts cred
Nearly One Million Disappointed Shoppers Have Now Left Amazon Reviews
Amazon has experienced an unusual surge of negative reviews in the past 30 days. While last year saw 95% of customers leaving positive reviews, that number dipped slightly to 93% in mid-March and has now dropped even further to just 83%. The number of negative reviews now totals 945,000, and the majority of the new additions cite problems with shipping delays and packages that never arrived. This spike in dissatisfied customers has not been confined to any individual product categories or e
Amazon Prepares to Purchase Self-Driving Car Developer Zoox
According to the Wall Street Journal, Amazon is currently in late-stage talks to buy the self-driving car company Zoox. It is not yet clear how much Amazon will pay to acquire the company, but it will reportedly be less than the $3.2 billion in funding that the start-up received in 2018. This new deal would be one among Amazon's many investments in self-driving car companies, including its 2019 funding contribution to Aurora Innovations Inc; it is commonly speculated that Amazon seeks to use sel
Amazon CEO Jeff Bezos Invests in Digital Freight Forwarding Startup Beacon
Amazon's Jeff Bezos was one of several contributors who recently participated in British digital freight forwarder Beacon's Series A fundraising. Other past investors include Uber founders Garrett Camp and Travis Kalanick as well as Google CEO Eric Schmidt. Beacon raised a total of $15 million from various sources during this round of funding; the money is currently earmarked for hiring new talent, developing new technology and expanding the startup's market reach. The company believes that this
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Our picks
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Amazon’s CEO Jeff Bezos Is Back at the Helm of the Giant Online Retailer
admin posted a news in Amazon News,
With the crisis created by the COVID-19 pandemic, Jeff Bezos has returned to Amazon’s day to day management roles, having distanced himself a while back.
Back in 2017, Amazon's founder and CEO had delegated to his deputies most of the immediate problem-solving duties at the global e-commerce market-leading company. Soon after the start of the coronavirus problems, however, Mr. Bezos, who is now 56 years old, has since resumed his focus on amazon amidst the retailer’s current challenges.
As the pandemic ranges on, Amazon is grappling with demand surges, logistical issues, and labor unrest, with Jeff now making daily decisions on inventory, testing, and the megastore's comeback against public criticism. The Amazon CEO made an impromptu visit to one of the company's busiest warehouses and has been holding talks with government officials regarding the revival of the economy.
Source : New York Times-
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Jeff' Annual Shareholder Letter is out: Summary
admin posted a record in Analysis,
Amazon founder and Chief Executive Officer Jeffrey P. Bezos penned this year's shareholder letter, highlighting the e-commerce giant's outlook amid the Coronavirus pandemic. Putting it as he sees it, Jeff Bezos began with reiterating that the online retailer had learned of the value that its consumers have placed in them.
Seeing through this tremendous responsibility, he said, was Amazon's sole purpose for the moment, with all its time and resources being directed to mitigating the adverse effects of this crisis.-
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