Amazon was founded by Jeff Bezos back in 1994. It is a Seattle, Washington-based company dealing with electronic commerce and cloud computing. Amazon ranks first in the world in Internet Retailing, when taken into consideration Market capitalization and Revenue as the measures. In terms of total sales, it comes second following Alibaba group. The website first initiated as an online bookstore from which it went on to showcase video streaming and downloads, MP3 streaming and downloads, audiobook streaming and downloads, video games, electronics, software, furniture, toys, apparel, jewelry, and food to users available for purchasing. It also produces consumer electronics such as Kindle e-readers, Echo, Fire tablets, and Fire TV. Amazon is the worlds largest provider when it comes to cloud infrastructure services.
Amazon maintains independent retail websites for all its markets in different countries. The countries it has different retail sites are the United States, the United Kingdom, Germany, India, Australia, Ireland, Spain, Mexico, France, China, Netherlands, Brazil, Canada, Japan, and Italy. Amazon also has a provision of international shipping of few of its products to certain countries. Amazon Basics is an in-house brand that sells specific low-end products.
Post-Brexit, Amazon decided to commit to Britain by providing more employment opportunities. It plans to create 2,500 jobs in the UK this year, with 650 head office roles. The firm is on a quest to find experts in the field of machine learning and speech science for the enhancement of its Alexa personal assistant and, smart speakers.
Doug Gurr, Amazon's Chief in UK and Ireland said: The UK is an incredible market for our firms' business. We are putting in efforts to ensure that every business which works with us can remain consistent with its operations successfully. We are not yet exactly aware of how the rules will play out in the business, post-Brexit but we are willing to wait and find out what's in store for us and then adapt to the system as per the requirements. The UK along with being a significant market for us also is a place with abundant talent that we believe will help Amazon grow. Amazon expects to raise the employment opportunities in the UK to a number of about 27,500 by the end of the year.
Source: The Guardian, Source of the image: Daily Express
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