Amazon enters India with Amazon.in | History and Facts | E-commerce battle on rise

What is Amazon.com

Amazon.com, Inc. is an American multinational electronic commerce company with headquarters in Seattle, Washington, United States. It is the world’s largest online retailer. It was started as an online bookstore, but soon started, selling DVDs, CDs, video and MP3 downloads/streaming, software, video games, electronics, apparel, furniture, food, toys, and jewelry. The company also produces consumer electronics—notably the Amazon Kindle e-book reader and the Kindle Fire tablet computer—and is a major provider of cloud computing services. Amazon Kindle is the one of the biggest Gift Ever on Amazon. Today Amazon owns

www,Amazon.in
www.amazon.com
www.amazon.co.uk
www.amazon.de
www.amazon.co.jp
www.amazon.fr
www.amazon.ca
www.amazon.cn
www.amazon.it
www.amazon.es
www.amazon.com.br

Like various other software biggies, Amazon was also started in a garage. Jeff Bezos, the man behind Amazon, started off with business of second hand computers’ shop in his garage. Now, Amazon is Global Company with 12 major retail websites. It is one of the biggest e-commerce site in USA counting around 1/3 of all U.S. e-commerce sales, employing over 33,000 people around the world.

In 1998 IMDB [Internet Movies DataBase] was acquired by Amazon, in about US $300 as per today’s market. Not only this, they also acquired Zappos.com, LOVEFiLM and Woot. Woot was acquired by Amazon on June 30th, 2010, which pioneered the “one deal per day” business model.

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History of Amazon.com

Amazon.com was called “Cadabra,” like that of “abracadabra.” Founder Jeff Bezos rapidly re-conceptualized the name when his lawyer misheard the word as “cadaver.” Bezos instead named the business after the river reportedly for two reasons. First, to suggest scale “Amazon.com launched with the tagline (Earth’s biggest book store) and secondly, back then website listings were often alphabetical.

Amazon was incorporated in July 1994 with a mission to become Earth’s most customer-centric company where people can find and discover anything they want to buy online. They completed initial public offering in May 1997. Amazon.com Trades on NASDAQ under the ticker symbol AMZN

Facts about Amazon.com

1. Amazon now sells more e-books than printed books.

2. Amazon’s annual revenue counts around $34Billion,, whih is more than GDP of nearabout 100 countries. It is 2 times the GDP of Honduras, 17 times than that of Sierra Leone and 6 times for Rwanda.

3. Amazon.com is No.1 E-commerce site in World, which has its sales 5 times more than Walmart, Target, Buy.com, Websales combined.

4. The amount paid by single user on Amazon amounts $190 which is more than that of eBay.com by $150.

5. Amazon serves 140 million customers per week, daily figure of 20million people.

6. If Amazon were a country, it would be 2 times the size of Canda in terms of unique users.

7. Amazon’s S3 Cloud platform has the cability of storing daily 82 books for every person on Earth.

8. There are around 50,000 pre-orders on Amazon everyday.

9. Amazon’s e-books save around 2 times size of Alaska’s Tongass

National Park Forest, which is largest park in USA.

10. 50 storehouse of Amazon are built in 25million sq.ft. as per 2011 figures.

11. Amazon warehouses have area equal to 10,000 olympiad pools.

12. The first book sold was

Fluid Concepts & Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought

13. Amazon saw losses of $3 billion in its early years. The first profit was reported in the last quarter of 2001 that is six years after launch. The first full-year profit came in 2003.

14. The first logo design consisted of alphabet ‘A’ with abstract river in it. The later was designed in 2000 by Turner Duckworth. The smiley line means the smile and arrow say “

we’re happy to deliver anything, anywhere

15. Amazon once Sold a CD-ROM for $2,904,980,000

AMAZON’s entry in INDIA – Amazon.in

Amazon made India debut with “Junglee.com”. Amazon quietly launched its venture Junglee.com in India, in first quarter of 2013. Junglee.com is called an ‘online shopping service’ where customers can search for products from the online and offline retailers in India, and would have been called an aggregator if it didn’t also sell stuff from Amazon.com.
On june 5, 2013, Amazon, world’s largest online retailer, launched its online marketplace in India, thus tightening the e-commerce business in India. The restrictions on foreign direct investment (FDI) so far prevented Amazon from selling its products directly in the country, but by www.Amazon.in where third parties do the selling, the issue of FDI is solved.
In other words, we can say, The starts of Amazon’s business in India brought an upheavel for Jabong, Flipkart, Snapdeal and Homeshop18. So, we should keep 2 minutes of silence for them ..   :p