Amazon shares are down 2% since it reported second quarter earnings that missed analysts’ profit estimates. But that’s no reason to worry about Amazon —after all, it’s been well-known that CEO Jeff Bezos trades off profitability for growth. And in the quarter just ended, Amazon’s top-line growth accelerated to 20% as it invested $800 million in the logistics needed to make one-day shipping work for Prime members, according to the Wall Street Journal. Amazon also lost more money in its Indian e-commerce business than expected. The biggest worry for Amazon investors — beyond the long-term question of whether Bezos is lining up a successor who can better manage the company.

Publication : Forbes

Date : 27 July 2019

As the e-commerce channel expands its share of total retail sales worldwide, it’s often thought that credit and debit cards are the primary beneficiaries. Clearly consumers can’t write paper checks for most purchases at digital stores, so other instruments are likely to be used. However, depending on the country and consumer habits, cash still remains a viable payment option for e-commerce transactions — with the help of a third party to handle the payment. Additionally, the two main Chinese mobile wallets, Alipay and WeChat Pay, are seeing strong consumer demand for use in-stores.

Publication : Payment Source

Date : 26 July 2019

Amazon on Friday said it is hopeful that India would have a stable and predictable e-commerce policy, and the online retailer was engaging with the government on this. This would allow the Seattle-headquartered company to continue investing in “technology and infrastructure” in the country, said Brian Olsavsky, senior vice president and chief financial officer of Amazon during an earnings call. “And it also helps us to create jobs and scale local businesses,” he added.

Publication: Business Standard

Date: 26 July 2019