E-commerce giant Amazon has revealed that its sales in India, which is one of the fastest growing markets for the company, has increased an impressive four times compared to last year.
"We are in the middle of the Diwali season that is going really well. Sales are 4x what they were last year," said the company's Senior Vice President and CFO Brian T Olsavsky, adding that the number of sellers has also jumped over 250% year-on-year.
"So, we are very encouraged, as I said last quarter in India, and continue to invest there very heavily," he said. For those who aren't aware, the US-based company announced last year that it will invest $2 billion in its India operations.
Amazon also recently announced its financial results for Q3 2015, revealing a 23% increase in sales to $25.4 billion, compared to the $20.6 billion that it recorded in the same quarter last year.
Well I used to shop with FlipKart till Amazon. in launched in India. They have better customer very helpful than Flipkart
Wow i didnt realise that Flipkart service had gone down so much. I used to buy a lot from them whenever i was in India and would always get the delivery within 2 days. Sometimes even next day. Currently i am using Amazon in China and you really cant ...
I am a seller on Amazon as well as Flipkarrt, with Flipkart we got about 6000 sales in a single day during the Big Billion Day, but they failed to give the orders to us on time and even after 10 days the orders are still showing as pending. Which cus...