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Amazon.com Inc on Wednesday said it will invest a further US$2bil (RM6.36bil) in India just a day after the country's largest e-tailer Flipkart attracted US$1bil (RM3.18bil) of fresh funds, raising the stakes in a nascent but fast-growing e-commerce sector.
Big retailers are taking a calculated hit to margins to invest in online grocery operations, in the hope they can persuade consumers to add more profitable items like clothes and computers to their orders of fruit and vegetables.
Football fans who have splashed out on top-of-the-range ultra-high definition (UHD) TVs in time for the FIFA World Cup next month may not get to watch any matches in the new format.
Hundreds of Amazon.com Inc workers in Germany went on strike on Monday, just as pre-Christmas sales were set to peak, in a dispute over pay and conditions that has raged for months.
The company downplayed concerns that its plans to recycle inactive user IDs could leave users exposed to hackers