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

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

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

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