AmazonAmazon. com, Inc. (NASDAQ: AMZN) was founded in 1994, formerly known as Cadabra. Headquartered in Seattle, Washington, it has 1541000 full-time employeesLargest in the United StatesA network ofElectronic CommerceCompany, alsoLargest in the worldIt is also one of the world's top 500 companies selected by Fortune magazine.
The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks-https://www.mg21.com/amzn.html
Amazon. com (AMZN) US Equities Encyclopedia
Amazon by Jeff Bezos(Jeff Bezos)Founded in Bellevue, Washington on July 5, 1994, he initially named it "Cadabra", and Amazon.com was launched in 1995. After that, Cadabra was renamed as one of the largest rivers in the world, the Amazon River.In 1996, Amazon reorganized in Delaware, and on May 15, 1997, it launched its initial public offering on the NASDAQ stock market at a price of $18 per share, with the securities trading code set as AMZN.The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks-https://www.mg21.com/amzn.html
Amazon.com was initially an online book trading market, but later expanded to sell electronic products,Software, video games, clothing,furniture,food, toys and jewelry.In 2015, Amazon's market value exceededWal-Mart, becoming the most valuable retailer in the United States.In 2017, Amazon acquiredWhole Foods , greatly increasing Amazon's position as an entity retailer.Bezos announced in 2018 that its "two-day delivery" service Amazon Prime has more than 100 million users worldwide.The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks-https://www.mg21.com/amzn.html
Amazon distributes downloads and streaming of videos, music and audiobooks through its Prime Video, Amazon Music, Twitter and Audible subsidiaries.Amazon also has a publishing department, Amazon Publishing, a film studio;Amazon Studios andcloud computingSubsidiary Amazon Web Services (AWS).It manufactures consumer electronics, including Kindle e-readers, Fire tablets, Fire TV and Echo devices.In addition, Amazon's acquisitions also include Ring, Twitch, Whole Foods Market and IMDb (Internet Movie Database).The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks-https://www.mg21.com/amzn.html
Amazon has set up retail websites in the United States, Canada, Britain, France, Germany, Italy, Spain, Brazil, Japan, China, India, Mexico, Australia and the Netherlands, and some of its products will also be sold to other countries through international shipping logistics.Poland and Sweden are also expected to open sub stations.The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks-https://www.mg21.com/amzn.html
Bezos is still the largest shareholder of Amazon, holding 79.9 million shares of the company, accounting for about 17%.The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks-https://www.mg21.com/amzn.html
Amazon. com (AMZN) products and services
1. RetailThe article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks-https://www.mg21.com/amzn.html
At present, Amazon's retail commodity line covers books, audio-visual products, software, consumer electronics, household appliances, kitchenware, food, toys, mother and baby productsCosmetics, daily chemical products, sports equipment, clothing, shoes and hats, jewelry and other categories.In March 1999, Amazon launched the online auction function on Amazon.com. However, this function has encountered some problemseBayAfter the competition, they declared defeat.In September, Amazon released zShop for fixed price goods.In November of the next year, Amazon Auction and zShop were integrated into Amazon Market, providing a platform for people to sell second-hand goods.The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks-https://www.mg21.com/amzn.html
In August 2007, Amazon launched Amazon Fresh, which sells fresh food.The goods ordered by consumers can be delivered to their homes at the specified time.Initially, the user experience was only allowed to live in Mercer Island, Washington State, and later expanded to Seattle, Bellevue, Kirkland and other regions.The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks-https://www.mg21.com/amzn.html
In 2012, Vine.com, which sells green goods, was released, and the commodity categories include household goods, clothing, and general merchandise.Vine.com is owned by Quidsi Company, which was acquired by Amazon in 2010. This company takes e-commerce as a strategy in a specific field. It also has websites such as Diapers.com, which sells baby products, Wag.com, which sells pet products, and YoYo.com, which sells toys.In addition, Amazon also has e-commerce companies such as Zappos.com, Shopbop.com and Woot.The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks-https://www.mg21.com/amzn.html
On May 5, 2014, Amazon teamed up with Twitter to allow users to shop directly from its Twitter service.
In December 2016, it announced the launch of the concept of "Amazon GO", a new technology self-service store. The main feature is to buy things without queuing and check out. The system will detect the purchase behavior of customers and automatically deduct the account from Amazon's account, which is currently open to internal employees.
2. Consumer Electronics
In November 2007, Amazon launched the Kindle, an e-book reader that can purchase and download e-book content via wireless network.The Kindle's screen uses electronic ink technology, so the power consumption is low, and it also provides a display mode more suitable for human eyes to read.In 2011, Amazon announced its entry into the tablet market and launched the Kindle Fire tablet running on the deeply customized Android system.
3. Digital content
In July 2010, Amazon announced that its e-book sales in the second quarter of 2010 exceeded hardcover sales for the first time.At that time, 143 e-books were sold for every 100 hardcover physical books sold.However, there was a further disparity between the end of June and the beginning of July, reaching 100 to 180.
4. Publishing business
In 2007, Amazon acquired independent publishing company Createspace.This department is managed by Amazon and operated by Mr. Libby Johnson McKee independently.CreateSpace helps self publishing companies print their own published books on the Amazon platform.Amazon seems to be cultivating its relationship with agents and writers.On November 19, 2007, the Kindle Direct Publishing platform went online, expanding the diversified channels of Amazon's content supply.In 2014, Amazon Publishing (apub. com) was registered and established, which further optimized the quality of content supply channels. Publishing units (Imprints) include: 47North (No. 47 Press in the north), Amazon Crossing, Amazon Encore, Grand Harbor PressICP Intercultural Press, Jet City Comics, Lake Union, Little A, Montlake, Skyscape, StoryFront, Thomas&Mercer, Two LionsWaterfall Press, etc.
Amazon MP3, an online music store owned by Amazon, launched on September 25, 2007 to sell downloadable music in MP3 format.The terms of use agreement restricts the use range of MP3 purchased and downloaded, but Amazon has not strengthened various restrictions with digital rights management.Amazon MP3 sells music from EMI, Universal Records, Warner Brothers Records and Sony Music Entertainment, and also includes some music produced independently.Since 2008, Amazon has gradually launched its MP3 music purchase service in other regions of the world.
5. Computing Services
In 2002, Amazon launched the Amazon Web Service System, which provides remote web services for developers' websites and clients.In March 2006, Amazon Easy Storage Service was launched, which supports data storage on servers via HTTP and BitTorrent protocols.
6. Interlocking supermarket
Amazon spent 14 billion dollars to buy a green food chain supermarket, the American health food supermarketWhole Foods。Amazon bought Whole Foods, which can become a pick-up shop for "Amazon Fresh Pickup" in 431 stores across the country, as well as an electrical appliance exhibition point, or as a pilot for new inventions.
7. Online pharmacy
On June 28, 2018, Amazon announced that it would purchase PillPack, an online pharmacy, for $1 billion to further enter the healthcare market.
Amazon. com (AMZN) website
In addition to the main domain name, Amazon has also established localized websites in many countries in the world, and there are differences in goods, pricing and other aspects.include:
North America: Amazon.ca (Canada), Amazon.com.mx (Mexico)
South America: Amazon. com. br (Brazil)
Oceania: Amazon.com.au (Australia)
Amazon. com (AMZN) Business Partner
Before June 30, 2006, after entering Toys R Us domain name ToysRUs.com in the browser address bar, the "Toys and Games" option on Amazon's official website will pop up, but this cooperation was terminated due to a lawsuit.Amazon once took over the online bookstore of Bodes Group until 2008.From 2001 to August 2011, Amazon operated a retail website for Target Department Store.
At present, in addition to self operated products, Amazon. com also operates online retail stores of brands such as Timeshare, Marks&Spencer, Lacoste, Belling Beauty, etc. Amazon provides them with a unified multi-channel platform.
On October 18, 2011, Amazon announced that it has reached a cooperation with DC Comics to provide exclusive digital copyright for series of works including Superman, Batman, Green Lantern, Guardian, etc. Users can buy and read on the Kindle Fire tablet produced by Amazon.This also forced well-known book sellers such as Barnes&Noble Bookstore to remove these best-selling titles from their shelves.
Amazon. com (AMZN) Software Development Center
Amazon does most of its software development in Seattle, but it also has R&D centers in other parts of the world and employs software R&D teams.A2Z, a wholly-owned subsidiary of Amazon, is also responsible for running some of its websites.
North America
United States: Cambridge, Charleston, Cupertino, Orange County, San Francisco, St. Louis Obispo, Seattle, Tempe
Canada: Vancouver, Toronto, Mississauga
Europe
UK: Slough, London, Edinburgh
Ireland: Dublin
Romania: Yasi
Asia
China: Beijing
Japan: Tokyo
India: Hyderabad, Bangalore, Chennai
Africa
South Africa: Cape Town
Amazon. com (AMZN)call center
North America
United States: Kennawick, Huntington, Big Fox, Winchester
Latin America
Costa Rica: Eredia
Uruguay: Montevideo
Europe
UK: Edinburgh
Germany: Berlin
Ireland: Cork
Asia
China: Chengdu
Japan: Sapporo
India: Hyderabad
Africa
South Africa: Cape Town
Amazon. com (AMZN) order fulfillment and warehousing
North America
United States: Phoenix Contact, Goodyear, Patterson, Tracy, San Bernardino, Chester, Ding Weidi, Sterling, Murfreesboro, Lebanon, Middletown, Newcastle, Jeffersonville, Pranfield, Coffeville, Campbell Swail, Hebron, Lexington, Louisville, Robinsville, Foley, North Las Vegas, NashuaCarlisle, Hazelton, Brinisville, Reevesbury, Lexington, Spartanburg, Chattanooga, Owen, Bellevue, Sumner
Solved the problem ofBarnes&NoblePatent infringement litigation
two thousand and three
October
product
Amazon launched A9.com to develop search and advertising technology
two thousand and three
December
company
First profit
two thousand and four
August 19th
internationalization
Amazon bought Joyo, a Chinese book e-commerce company, for US $75 million
two thousand and five
February
product
Amazon launches Amazon Prime for an annual fee of $79
two thousand and five
November
product
Amazon launched Amazon Mechanical Turk, an application programming interface (API) that allows any Internet user to perform "human intelligence" tasks, such as transcribing podcasts
two thousand and six
August 25th
product
Amazon launched Amazon Elastic Compute Cloud (Amazon EC2), a network hosting service
two thousand and six
September 19th
product
Amazon launches Fulfillment by Amazon
two thousand and six
-
law
Amazon agreed to settle the legal dispute with Toys R Us (through the partnership, Toys R Us has the exclusive right to provide certain toy products on Amazon's website), and paid 51 million dollars
two thousand and six
March
product
Amazon launched Amazon Simple Storage Service (Amazon S3), allowing other websites/developers to store computer files on Amazon's servers
two thousand and seven
August
product
CreateSpace announced the launch of on-demand book service, which makes it easy for authors who want to publish their own books on Amazon
two thousand and seven
August
product
Amazon launches Amazon Fresh, a fresh goods service
two thousand and seven
September 25th
product
Amazon launches Amazon Music, an online music store
two thousand and seven
November 19th
product
Amazon launches Amazon Kindle, e-book reader
two thousand and nine
July 22nd
buy
Amazon acquired Zappos for 850 million dollars
two thousand and nine
October 20th
competitor
Barnes&Noble launched the e-book reader Nook
two thousand and ten
January
competitor
AppleLaunched its own virtual bookstore, called iBooks, and cooperated with five major book publishers
two thousand and ten
January 1st
competitor
MicrosoftLaunch cloud service Microsoft Azure competes with Amazon AWS
two thousand and ten
July
product
Amazon announced that its Kindle e-book sales exceeded hardcover sales for the first time
two thousand and eleven
January
buy
Amazon acquires Lovefilm, a DVD rental service provider
two thousand and eleven
February 16th
competitor
Borders Group announces Chapter 11 bankruptcy protection
two thousand and eleven
February 22nd
product
Upgrade Amazon Video service to Amazon Instant Video
two thousand and eleven
March 22
product
Amazon released Amazon Appstore, which is applicable to Android devices and has been provided in more than 200 countries/regions
two thousand and eleven
July 1st
law
California starts levying business tax on goods purchased by Amazon.com
two thousand and eleven
September
product
Amazon releases Amazon Locker
two thousand and eleven
September 28th
product
Amazon launches Kindle Fire, a tablet computer for Apple's iPad, priced at $199
two thousand and twelve
April
law
The Justice Department filed a lawsuit against Apple and five major publishers, claiming that they conspired to raise the price of e-books in 2010
two thousand and twelve
March 19th
buy
Amazon purchased Kiva Systems, a robot company, for 775 million dollars to manufacture a handling robot
two thousand and twelve
April
law
Amazon agreed to collect sales tax in Nevada and Texas from July 1, and agreed to create 2500 jobs and invest $200 million in the new distribution center in Texas
two thousand and twelve
September 6th
product
Amazon launches Kindle Fire HD
two thousand and thirteen
March
buy
Amazon acquires social reading and book review website GoodReads
two thousand and thirteen
June
internationalization
Amazon enters the Indian market
two thousand and fourteen
July 25th
product
Amazon Launches Amazon Fire
two thousand and fourteen
August 25th
buy
Announced intention to acquire video game streaming website Twitch for 970 million dollars
two thousand and fourteen
October
law
Amazon has reached an agreement with Simon&Schuster to allow publishers to adopt the agency pricing model and price books sold on Amazon
two thousand and fourteen
November 6th
product
Amazon announced Amazon Echo, a wireless speaker and voice command device that can accept commands and queries, and is used to add goods to Amazon.com shopping carts;Amazon Echo's built-in Alexa voice service can also be added to other Amazon devices
two thousand and fourteen
November
law
Amazon settled the dispute with Hachette, allowing Hachette to adopt the agency pricing model and pricing Hachette books sold on Amazon
two thousand and fifteen
July
competitor
Alibaba announced that it will invest $1 billion in its Alibaba Cloud computing department, part of which will be used for the new Alibaba Cloud InternationalData Center。 This will enable Alibaba Cloud to compete with Amazon network services outside China.
two thousand and fifteen
August 26th
product
Amazon launched Amazon Underground, an Android application, through which users can get games and other applications that originally needed to be paid for free, as well as in app purchases for free.
two thousand and fifteen
September 8th
product
Amazon launched Amazon Restaurants service to provide food for Amazon Prime customers in Seattle from nearby restaurants.The service will then be extended to many other cities.
two thousand and fifteen
November 2nd
product
Amazon opened its first physical retail store, a bookstore, in the University Village Shopping Center in Seattle.The store is called Amazon Books. Its price matches the price on Amazon's website, and online reviews are integrated into the store's shelves.
two thousand and fifteen
December 14th
company
Amazon started moving into its new headquarters near Seattle's Danny Triangle
two thousand and sixteen
December 7th
Distribution
Amazon Prime AirUAVDelivery system) in Cambridge, UK for the first time.
two thousand and seventeen
June 15th
buy
Amazon acquired Whole Foods for US $13.7 billion
two thousand and seventeen
September 7th
company
Amazon began to look for the second headquarters of Amazon HQ, HQ2, which can accommodate 50000 employees
two thousand and eighteen
January 18th
company
Amazon narrowed its choice of second headquarters to 20 cities
two thousand and eighteen
January 22nd
company
Amazon opened its grocery store to the public without a cashier
two thousand and eighteen
September 19th
internationalization
Amazon enters Turkey market
two thousand and eighteen
October 2nd
company
From November 1, 2018, the minimum wage of all American and British employees will be increased to $15 per hour, including all food supermarkets and seasonal employees.
two thousand and eighteen
November 13th
company
Determine that the new HQ HQ2 will be located between New York City and Northern Virginia
two thousand and nineteen
February 14th
company
Cancelled plans to open a new headquarters in New York
In April 1998, Amazon acquired IMDb (Internet Movie Database Company);
In August 1998, Amazon.com and Inc. acquired Junglee (a data mining company) for US $186 million;
In August 1998, Amazon purchased Planeall for $93 million(social networksCompany);
In June 1999, Amazon.com, Inc. acquired Alexa for 250 million dollars;
In April 2003, Amazon acquired its online music store competitor en: CD Now;
In August 2004, Amazon.com, Inc. acquired China's Zhuoyue (Zhuoyue was an online bookstore at that time) for 75 million dollars;
In July 2005, Amazon acquired CustomFlix (DVD producer);
In February 2006, Amazon.com, Inc. acquired Shopbop (women's fashion shopping website);
In May 2007, Amazon acquired Dpreview (digital camera evaluation website);
In March 2008, Amazon.com, Inc. acquired Audible (audiobook website) for $300 million;
In July 2009, Amazon purchased Zappos (online shoe store) with 1.2 billion yuan;
In June 2010, Amazon purchased Woot (group buying website) for 110 million dollars;
In October 2010, Amazon said that it would acquire the European online shopping service BuyVIPCom to expand its market share in this region.The financial terms of the acquisition were not disclosed.Greg Greeley, Amazon's vice president in charge of European retail, said that BuyVIPCom is an excellent complement to Amazon's European business, providing Amazon customers with another unique way to find unique and attractive products;
In November 2010, Amazon bought Quidsi for 550 million dollars;
In July 2011, Amazon.com, Inc. acquired The Book Repository (online bookstore);
In 2011, Amazon also acquired Lovefilm, Pushbutton;
In March 2012, Amazon acquired Kiva Systems, an automated robot company;
In March 2013, Amazon surpassed other local online retailers in Europe and became the most popular online retailer with the largest number of visitors in Europe;
On April 11, 2014, Amazon acquired comiXology, a digital comic company;
On May 16, 2014, Amazon.com, Inc. announced an investment of $20 million in Shanghai Yummy 77, opening the fresh food strategic deployment in the Chinese market.
On August 26, 2014, Amazon announced that it would purchase the video game streaming service Twitch.tv for $970 million in cash;
On June 16, 2017, Amazon announced that it would spend $13.7 billion to acquire the company at a cash price of $42 per shareWhole Food, the largest acquisition in Amazon's history (for this reason, Amazon announced on August 15, 2017 that it would issue $16 billionbondTo raise funds, and the amount of bid winning funds even reached 49 billion dollars).Hearing the news,Wal-Mart,Costco,Dollar Tree,Sprouts Farmers Market,KrogerRetailers fell by 5-9 points.
On June 28, 2018, Amazon announced that it would purchase PillPack, an online pharmacy, for $1 billion to further enter the healthcare market.
On February 11, 2019, Amazon acquired Eero, a home Wi Fi startup.
At the end of March 2020, some workers in the Staten Island warehouse went on strike to protest against 2020COVID-19The health of its workplace was poor during the pandemic.Chris Smalls, one of the organizers, was initially quarantined, and no one else was quarantined. He was later dismissed by the company.
On June 21, 2021, Amazon is negotiating to acquire an AI truck driving startupPlus.AIShares.
On February 11, 2022, Dealreporter reported that Amazon (AMZN)'s acquisition of MGM Studios (OTC: MGMB) for $8.5 billion may take some time to complete, because the Federal Trade Commission continues to study its antitrust issues.
February 14, 2022, Amazon (AMZN) andSpotify(SPOT) is considering bidding for the podcast Audioboom listed in London.
On March 15, 2022, Amazon (AMZN) acquired MGM Studios (OTC: MGMB) for US $8.5 billion, which has been unconditionally approved by European regulators.
On March 17, 2022, Amazon (AMZN) said that it had completed the acquisition of MGMB for $8.5 billion - the second largest acquisition in its history.
On April 22, 2022, Amazon (AMZN) invested $6.5B in its Indian business, and is now looking for ways to explore social commerce in India by acquiring GlowRoad, a social commerce startup, in a full cash transaction.
On June 7, 2022,Amazon split shares for the first time in 23 years - the split of 20 shares per share took effect。
On August 5, 2022, Amazon (NASDAQ stock code: AMZN) announced that it had acquirediRobot(IRBT), which is the following acquisition of this technology giantWhole Foods, MGM and One Medical.It is worth noting that iRobot (IRBT), headquartered in Massachusetts, has sold millions of popular Roomba vacuum cleaners and launched theartificial intelligencePlatform.
On August 8, 2022, Amazon (AMZN) is negotiating to acquire more than 51% of the shares of Ecom, an end-to-end technology logistics solution provider in India's e-commerce industry, at a price of 500 million to 600 million dollars.
On September 9, 2022, in order to strengthen the robot business, the e-commerce giant Amazon (AMZN) acquired Cloostermans headquartered in Belgium, which designs and manufactures electromechanical integration solutions.
On January 24, 2023, Amazon launched a new benefit for Prime members, offering unlimited copies of commonly used generic prescription drugs at a price of $5 per month.The subscription service, called RxPass, began to be available in most states of the United States on Tuesday through Amazon's online pharmacy service.Amazon said that Amazon Prime users can join RxPass and get drugs to treat more than 80 common diseases, including hypertension and anxiety.
On February 22, 2023, Amazon (AMZN) completed theOne Medical(NASDAQ stock code: ONEM).
In August 2023, Amazon decided to eliminate 27 of its 30 clothing brands, such as Lark&Ro, Daily Ritual and Goodthreads;The company will only have three private clothing brands: Amazon Essentials, Amazon Collection and Amazon Aware.
On October 7, 2023, Amazon's first satellite was launched into orbit, making this e-commerce company a step closer to satellite Internet business, which is expected toSpaceXCompete with other competitors.Amazon announced a satellite network plan called Project Kuiper in 2019 and said it would invest 10 billion dollars.The company has obtained the approval of the US regulatory authority and will gradually deploy more than 3200 satellites.Like other LEO satellite network operators, Kuiper's goal is to sell high-speed, low latency broadband services to subscribers.
On May 7, 2024, Amazon Web Services (AWS), Amazon's cloud computing department, said that it would invest an additional 9 billion dollars in its Singapore cloud infrastructure, which would be put in place in the next four years to meet the growing demand for cloud technology and services.With these new investments, AWS's investment plan for Singapore's cloud infrastructure will increase to more than 17 billion dollars by 2028.
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This article is written byOriginated by American Stock HousePublished on May 11, 2015 at 00:12:34
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In August 1998, Jinshan Software Co., Ltd. received a capital injection of 9 million dollars from Lenovo Group, becoming the largest company in China's general software industry.At this time, the Internet boom has just started in China, and Kingsoft Software also plans to invest in opening an IT website, hoping to have a foothold in the Internet boom.Lei Jun, then the general manager of Kingsoft, contacted Gao Chunhui, the webmaster of the well-known personal website paulgao.com.cn, and planned to build a professional download website.
In February 1999, Excellence began to go online for trial operation. At that time, there were only five employees, belonging to a business department of Jinshan Software Company.At that time, the development goal of Excellence was "to be the largest and best Chinese download website".It took half a year for Excellence to rank 33rd on CNNIC's website ranking and become a well-known Chinese software download website.In August 1999, Excellence launched its offline software service series CD, Excellence Software Space, followed by Excellence Software Space II and Excellence Software Space 2000.
Creation of online bookstore model
In 1999, the development of the Internet in mainland China was not perfect. As a website providing IT information and download services, it was difficult to get actual benefits.The monthly operating expenses of Excellence reached 200000 yuan, and there was basically no income, all of which depended on the investment of Jinshan Software.Excellence then began to reorganize and transform into a B2C e-commerce website, positioned as an "online boutique".In January 2000, Excellence was separated from Jinshan Software Company. Jinshan Software was the largest shareholder, and Lenovo Investment, affiliated to Lenovo Group, was the second largest shareholder. Lei Jun was the chairman and Gao Chunhui was the general manager.Subsequently, Excellence began to try to add online stores.In April 2000, Gao Chunhui announced that due to different ideas, he resigned as the general manager and left Excellence.Excellence then stopped the original software download service, and then stopped the provision of IT information content.
In May 2000, the revised Excellence website was officially launched, updating the logo of the website, and using the slogan of "beyond ordinary life".At this time, the main business of the website is books and audio and video products, claiming "not to be complete, but to be refined".In December 2000, Shanghai Branch was opened to strengthen the service to East China.In October 2001, the "User Boutique Club" was established to provide offline mail order services.In March 2002, an excellent express company was established to improve logistics services.Since September 2001, Excellence has announced that its website profit has been equal to its operating expenses, reaching a balance between revenue and expenditure.At this stage, Excellence and Dangdang, another online bookstore, became the two largest online bookstores in mainland China.
In 2002, the website FM365.com operated by Lenovo Group itself was on the verge of disappearing in the recession of China's Internet boom because of its unclear positioning and no profit point.At this time, Lenovo Group expected to get the promising Excellence Network from its holding Jinshan Software.After a series of operations, Lenovo became the largest shareholder of Excellence.On August 16, 2002, Wang Shutong resigned as President of Excellence. Ten days later, Lin Mercury, Director of the Planning Department of Lenovo Holdings Limited, took over as President of Excellence.In April 2003, after three years of operation, Excellence announced that it was profitable.In the same month, Guangzhou Branch of Excellence Network was established to expand its influence in South China.In September, Tiger Technology, a subsidiary of Desheng Tiger Fund, invested 52 million yuan, becoming the third largest shareholder of Excellence.Since then, Excellence began to engage in online retail of various daily necessities.
Amazon acquisition
In 2004, Amazon, headquartered in Seattle, planned to acquire a Chinese e-commerce website to improve its international business profits due to the decline of its international business income in the first two quarters, and finally acquired Excellence for $75 million.At 20:40 p.m. on August 19, 2004, Excellence officially became Amazon's seventh regional site after the United States, Canada, France, Germany, Japan and the United Kingdom.
Two months after Amazon acquired Excellence, Lei Jun completely withdrew from the management of Excellence on behalf of Jinshan Company.In April 2005, Wang Hanhua and Huang Weiqiang replaced Lin Mercury and Chen Nian as the chief and vice presidents respectively. Excellence began to transition to Amazon and gradually transformed to the business model of large online department stores.On June 5, 2007, Excellence officially changed its name to Amazon Excellence.The domain name of the website immediately changed from "joyo.com" to "amazon. cn".On October 27, 2011, Amazon Excellence changed its name to Amazon China and launched the short domain z.cn.
On January 28, 2016, Amazon's financial report showed that earnings per share in the fourth quarter was $1, significantly lower than the expected $1.56;Revenue was also slightly lower than expected.Despite the rapid growth of Amazon's cloud computing business, earnings per share fell significantly below expectations. The stock price once plummeted 15% after the session, and now the decline has narrowed, down 10%.
October 22, 2015: [Amazon's unexpected profit sales soared in the third fiscal quarter] - Amazon's profit is partly due to its fast-growing cloud computing business, and its sales growth exceeded expectations.The company's share price climbed 8% after the day.The company made a profit of $79 million in the quarter, with sales up 23% to $25.4 billion.The sales of AWS, the cloud computing division, increased from $1.17 billion to $2.09 billion, and the operating profit reached $521 million.
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