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Amazon Acquires Emvantage To Build Its Online Payment Platform In India

Amazon will acquire startup Emvantage for an undisclosed amount to develop its Indian e-commerce site’s payment platform. In a press announcement, Amazon said the Noida-based company’s employees will start working for Amazon’s payment team after the transaction is completed. Founded in 2012 by chief executive officer Vivek Sagar, Emvantage’s platform includes a payment gateway for online transactions made using credit ... Read More »

Amazon Tanks 13% After Reporting Q4 Miss With $1.00 EPS, $35.7B Net Sales

Despite posting the best quarterly profit in its history, Amazon plummeted as much as 13% after-hours after missing on net sales and earnings per share. This came after the stock had soared to end up nearly 9% in the hours preceding the earnings release. The Seattle-based retail company reported net sales of $35.7 billion for the fourth quarter of 2015, up 22% from $29.3 billion ... Read More »

Is Logistics About To Get Amazon’ed?

In November 2015, Beijing Century Joyo Courier Services registered with the U.S. government as an ocean shipping provider. So what? Well, Beijing Century Joyo Courier Services is a subsidiary of none other than Amazon. And earlier in the year, Amazon had already expanded its logistics presence with air transportation and trucking. Amazon’s entry into the trillion-dollar freight industry can have ... Read More »

Streaming Services Dominate 2016 Golden Globes, But Amazon Takes The Win

Streaming services showed up in force for Sunday night’s 73rd Golden Globe Awards, but it was Amazon’s year to shine. Though Netflix had led the pack this year with a total of eight nominations – even beating out HBO – the streaming service didn’t take home the top prize in any of the categories it competed in. Instead, it was ... Read More »

AWS Launches Schedules Reserved Instances

Amazon’s AWS cloud computing platform is introducing a new pricing tier today that will make its service more affordable for customers who only need to run their cloud-based applications during certain hours of the day or only on certain days of the month. With this new pricing tier, called Scheduled Reserved Instances, AWS users can reserve instances for pre-defined blocks ... Read More »

Amazon Wants To Refund Your Potentially Explosive Hoverboard

If you know what a hoverboard is, chances are you know that they can be dangerous. Whether it comes to pulling a Mike Tyson (taking a hard fall) on the device or the fact that they sometimes catch fire at random, the hoverboard hasn’t particularly come off as the holiday season’s safest gift. But today the U.S. Consumer Product Safety ... Read More »

First Amazon Dash-Powered Devices Go Live, Will Automatically Reorder Supplies For You

Your household appliances are getting smarter: think printers that re-order ink when you’re low, or washers that dispense just the right amount of detergent then send you more before you run out. This is the promise of Amazon’s “Dash Replenishment”-powered devices, the first group of which is becoming Dash-enabled today, the company says. That includes select Brother printers, a GE washing machine, ... Read More »

Amazon China Can Now Manage Ocean Shipments For Other Companies

Cargo ships might not be as intriguing as drones, but they represent a potentially lucrative new business opportunity for Amazon. The e-commerce behemoth’s China subsidiary can now provide ocean freight services to other companies. Flexport, a freight forwarding startup, first broke the news that Amazon China is now listed on the Federal Maritime Commission’s site as a licensed ocean transportation ... Read More »

Celebrating Its Golden Globes Wins, Amazon Will Drop Prime Membership To $73 This Weekend

In what’s becoming something of a tradition for the online retailer, Amazon has again dropped the cost of its Amazon Prime membership to celebrate the success of its Amazon Studios division at an industry awards show. Specifically, the company is touting its two new Golden Globe wins for “Mozart in the Jungle” by temporarily discounting Amazon Prime to $73 starting on Friday ... Read More »

Amazon To Stream Obama’s Final State Of The Union; Lyrics Site Genius To Power Annonations

Following news of last night’s Golden Globes wins, Amazon has now taken another step to establish itself as a streaming media competitor worth notice: for the first time, the company will now make President Obama’s State of the Union address available for on-demand streaming through its Amazon Instant Video service, says White House Chief Digital Officer Jason Goldman. The speech will also ... Read More »

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