wordpress blog stats
Connect with us

Hi, what are you looking for?

Big part of challenge in India is helping sellers grow their online business: Tom Szkutak, Amazon

The biggest difference between the Indian and Chinese market is that in India the primary focus is on sellers and connections of sellers, Amazon's CFO & senior VP Tom Szkutak said during the company's Q1 2015 earnings conference call. He added that a major part of the India challenge was to ensure that Amazon can help sellers from across India succeed and grow their business online. In March this year, Amazon had launched its seller app in India, which allows them to update their inventories, confirm orders, check current prices, sales rank and customer reviews of items on Amazon, estimate the profitability of items before they are listed for sale and list new items to sell. Additionally, the app sends push notifications to sellers when buyers send them a message, allowing direct communication via the app. Szkutak also said that they're very excited about India, and that Amazon will be investing heavily in India as it views the country as a major opportunity. As of Q4 2014, Amazon had claimed to offer over 19 million products on its India site from over 16,000 sellers. He also mentioned and that in local currency terms Amazon has almost broken even in the international segment operating income for the quarter. On Prime: Answering an analyst question Szkutak said that Amazon had spent about $1.3 billion on content (original & licensed) for its Prime platform. Szkutak also mentioned that this money is still an investment for Amazon, and it's still impacting their operating results, however there are several positives as well.…

Please subscribe/login to read the full story.
Written By

Free Reads

News

In its submission, the Interior Ministry said the decision to impose a ban was "made in the interest of upholding national security, maintaining public...

News

Among other things, the security requirements include data encryption and regular review and updated access permissions to reflect personnel changes.

News

the NTIA had earlier sought comments on the risks, benefits, and potential policy related to dual-use foundation models for which the model weights are widely...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ