Amazon

Amazon
Amazon Merges Clinic and Amazon One Medical Into Single Brand
June 27, 2024

Amazon’s pay-per-visit telehealth service and its One Medical program are now a single brand. The company announced Thursday (June 27) that Amazon Clinic, introduced in 2022, was being renamed Amazon One Medical Pay-per-visit. With that name change comes some others: customers now have the choice...

Amazon
Amazon Takes On Temu and Shein With China-Direct Discount Section
June 26, 2024

Amazon will reportedly add a section to its shopping site that aims to compete with Temu and Shein, featuring items that are cheap and are shipped from China to overseas consumers. The new marketplace will offer apparel, home goods and consumer goods, along with delivery in nine to 11...

Amazon
Amazon Market Valuation Tops $2 Trillion for First Time
June 26, 2024

Amazon’s market valuation topped $2 trillion for the first time Wednesday (June 26), driven in part by investor interest in artificial intelligence (AI). The company became the fifth U.S. firm to reach that milestone, with the others being Microsoft, Apple, Nvidia and Alphabet, Reuters reported Wednesday. Together with...

Amazon
Amazon Expands Prescription Offering to Medicare Members
June 18, 2024

Amazon said it has expanded its prescription drug program to include Medicare beneficiaries. Beginning Tuesday (June 18), more than 50 million enrollees in the government health insurance program are eligible for Amazon’s RxPass, a Prime member benefit that allows for affordable access to common medications,...

Amazon
Amazon Gives $230 Million in AWS Credits to AI Startups
June 13, 2024

Amazon is reportedly investing $230 million in Amazon Web Services (AWS) credits in AI startups. As Reuters reported Wednesday (June 13), these credits will give early-stage generative artificial intelligence (AI) firms free access to computing power, a variety of AI models, and infrastructure, provided they build their companies using...

Amazon
Amazon Exec Says Restaurant Ordering About Boosting Daily Engagement With Prime
May 31, 2024

As Amazon looks to make its Prime membership increasingly indispensable to customers’ day-to-day lives, the eCommerce giant’s new partnership with Grubhub aims to drive more frequent engagement with the subscription’s offerings. On Thursday (May 30), Amazon announced the expansion of its partnership with Grubhub. In...

Amazon
Amazon Ramps Up Logistics Expansion to Speed Delivery, Reduce Costs
May 22, 2024

Amazon is reportedly ramping up its logistics expansion efforts to compete with rivals such as Walmart, Shein and Temu. The company is focusing on acquiring industrial property and restructuring its distribution network to enhance package delivery speed and reduce shipping costs, the Wall Street Journal (WSJ) reported Wednesday...

Amazon
Amazon Plans to Invest $1.29 Billion in French Tech Projects
May 12, 2024

Amazon is reportedly set to invest nearly $1.3 billion on tech projects in France. The eCommerce giant is one of several global companies poised to announce new foreign investments in France this week, Bloomberg News reported Sunday (May 12). French President Emmanuel Macron will host...

Amazon
Amazon Says New Fulfillment Fees Reflect Underlying Costs
May 09, 2024

Amazon said Thursday (May 9) that the updated fees for merchants using its fulfillment, storage and shipping services reflect underlying costs and are “significantly less” than those announced by other major fulfillment services.  “We have been listening to seller feedback and working with our seller partner community...