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Tag: Cloud computing

How Amazon wields power in the technology world, Retail News, ET Retail

By Daisuke Wakabayashi SEATTLE: Elastic, a software startup in Amsterdam, was rapidly building its business and had grown to 100 employees. Then Amazon came along. In October 2015, Amazon’s cloud computing arm announced it was copying Elastic’s free software tool, which people use to search and analyze data, and would sell it as a paid …

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What is Alibaba, China’s e-commerce giant?, Retail News, ET Retail

Shanghai, Nov 15, 2019 -Formed in the Hangzhou flat of co-founder Jack Ma in 1999, Alibaba has ridden the seemingly insatiable Chinese appetite for online shopping to become one of the world’s most valuable companies. On Friday, the US-listed company confirmed plans to add its value further, but listing additional shares in Hong Kong in …

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Speedy delivery hits Amazon’s bottom line; shares slump, Retail News, ET Retail

San Francisco, Oct 24, 2019 -Amazon on Thursday reported that quarterly profits shy of Wall Street forecasts, sending shares of the tech giant tumbling in after-market trades. Net income slid 27 percent from last year to $2.1 billion, with profits pressured by Amazon’s spending to speed up most deliveries to one day. Revenue climbed 24 …

Speedy delivery hits Amazon’s bottom line; shares slump, Retail News, ET RetailRead More