Tag Archives: Push

Exclusive: Amazon eyes new warehouse in Brazil e-commerce push – sources
February 9, 2018 6:01 pm|Comments (0)

SAO PAULO (Reuters) – Amazon.com Inc (AMZN.O) is looking to lease a 50,000-square-meter warehouse just outside Sao Paulo, people familiar with the matter told Reuters, as it steps up its push into Latin America’s biggest retail market, Brazil.

The logistics investment, which would be four times the size of its current book-shipping operation in the country, is a sign the online retailer may soon handle distribution of electronics and other goods sold on its Brazilian website.

That would be the first step of its kind for Amazon in Latin America’s largest economy, where it currently relies on third parties to ship their own goods sold on its marketplace, and it underscores the seriousness of the e-commerce giant’s renewed push into Brazil.

Amazon declined to comment to questions about leasing a warehouse.

While an estimated two-thirds of Brazil’s 209 million people have internet access, online retail was slow to take off at first, amid concerns over security and complications with tax and logistics in the continent-sized country.

E-commerce accounts for around 5 percent of Brazil’s roughly $ 300 billion retail market — about half its share in the United States — but it has doubled in the past four years and is forecast to keep growing annually at a double-digit pace.

Now Amazon, which expanded its Brazil business from books to electronics in October, is gearing up to fight rivals such as Latin Ameria’s homegrown e-commerce champion Mercado Libre Inc (MELI.O) and B2w Cia Digital, (BTOW3.SA) which is indirectly controlled by partners of private equity group 3G Capital.

“You obviously can’t underestimate a company like Amazon,” said Pedro Guasti, CEO of Brazilian online consultancy Ebit. “It has huge capacity to invest and it’s obviously taking a bigger bite of the cake than it did last year.”

Mercado Libre Inc, B2w and local retailer Magazine Luiza SA (MGLU3.SA) have stolen a march on Amazon by storing and shipping goods appearing on their websites even when offered by third-party sellers, to ensure speed and customer satisfaction.

Amazon, by contrast, has been slow to tackle the challenges of shipping in a country where tricky logistics and tax issues have long made online retail an unprofitable venture.

MEXICAN CONTRAST

In Mexico, Amazon launched its third-party marketplace coupled with its own shipping service, called “Fulfillment by Amazon,” in 2015.

The contrast has been stark. Nearly 20 percent of reviews on Amazon’s Brazilian marketplace are negative, compared with 10 percent in Mexico and just 4 percent in the United States, according to e-commerce analytics firm Marketplace Pulse.

Complaints in Brazil often focus on delayed or canceled orders – a problem dramatically reduced in other countries when Amazon itself packs and posts orders of third-party goods stored at its warehouse facilities.

In an early sign of Amazon’s Brazilian logistics push, the company posted more than a dozen listings for distribution jobs in the country to LinkedIn last year, including “Site leader, Fulfillment Center”.

The new warehouse site outside of Sao Paulo, in the municipality of Cajamar, looks to be a step in that direction.

There San Francisco-based logistics company Prologis Inc (PLD.N) has offered a 50,000-square-meter space to Amazon in a new industrial park that hosts DHL and Samsung, according to sources, who said adaptation of the warehouse had not begun.

Prologis, which also partnered with Amazon on a mega-warehouse north of Mexico city last year, declined to comment.

The preparations in Brazil come as Luft, the local logistics operator for Amazon’s book business, readies a move into another Prologis site nearby in Cajamar, sources said, leaving its current 12,000-square-meter facility in the city of Barueri.

Amazon registered in October to conduct operations in Cajamar, according to municipal records seen by Reuters.

The new logistics investment could spell trouble for rivals.

Mercado Libre has been a success story among Latin America tech start ups: its shares have nearly tripled since 2014, bringing its market capitalization to more than $ 15 billion.

Magazine Luiza’s stock has risen sixfold in each of the past two years as it shifted its rolled out an ambitious e-commerce strategy built on its brick and mortar stores.

Reporting by Gabriela Mello; Writing and additional reporting by Brad Haynes; Editing by Daniel Flynn and Alistair Bell

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Apple brings Alibaba-linked payment system into China stores amid market push
February 7, 2018 6:00 am|Comments (0)

BEIJING/SHANGHAI (Reuters) – Apple Inc will accept Chinese mobile payment app Alipay in its local stores, boosting its ties with giant e-commerce firm Alibaba Group Holding Ltd amid a push by the iPhone maker to revive growth in the world’s No.2 economy.

The tie-up will make Alipay, run by Alibaba affiliate Ant Financial, the first third-party mobile payment system to be accepted at any physical Apple store worldwide, Ant Financial said in a statement on Wednesday. Apple’s own payment system has had a lukewarm reception in China.

The Cupertino-based firm will accept Alipay payment across its 41 brick-and-mortar retail stores in China, said Ant Financial, which was valued at $ 60 billion in 2016.

Apple, whose China website, iTunes store and App Store have been accepting Alipay for more than a year, did not immediately respond to requests for comment.

The deal comes as Apple is doubling down on the market and looking to strengthen ties with local Chinese partners and government bodies. The firm’s CEO Tim Cook has made regular recent visits to the country.

Apple is also shifting user data to China-based servers later this month to meet local rules and last year removed dozens of local and foreign VPN apps from its Chinese app store.

Alipay is China’s top mobile payment platform, but faces stiff competition from rival internet giant Tencent Holdings Ltd’s payment system that is embedded within its hugely-popular chat app WeChat.

China’s official Xinhua news agency said late on Tuesday that Apple would build its second data center in China in Inner Mongolia Autonomous Region after it set up a data center in the southern province of Guizhou last year.

Reporting by Pei Li in BEIJNG and Adam Jourdan in SHANGHAI; Editing by Himani Sarkar

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Icahn, Deason to jointly push Xerox to explore selling itself, other options: WSJ
January 22, 2018 6:00 am|Comments (0)

(Reuters) – Investor Carl Icahn and Darwin Deason, the biggest- and third-largest shareholders of Xerox Corp, jointly plan to push the printer and photocopier maker to explore options, including a sale of the firm, the Wall Street Journal reported on Sunday.

Icahn and Deason, who together own 15.7 percent of the photocopier pioneer, have earlier separately called on the company to break off or renegotiate a joint venture with Fujifilm Holdings Corp, saying it was unfavorable to Xerox. Icahn has also called for Xerox CEO Jeff Jacobson to be replaced.

The two shareholders have now formed an alliance and plan to ask Xerox to explore options, including selling itself, breaking off its long-running joint venture with Fujifilm, and immediately firing Jacobson, the Journal reported, citing people familiar with the matter. on.wsj.com/2EYCRHd

The Journal had previously reported that Fujifilm and Xerox were discussing deals, including a change of control of Xerox, though not a full sale.

FILE PHOTO: The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File Photo

In a statement, Xerox said: “The Xerox Board of Directors and management are confident with the strategic direction in which the Company is heading and we will continue to take action to achieve our common goal of creating value for all Xerox shareholders.”

Deason has been asking the company to make public the terms of its deal with Fujifilm, which he called “one-sided”. Xerox has described Deason’s criticism as “false and misleading”.

The five-decade-old joint venture, 75 percent owned by Fujifilm and 25 percent by Xerox, is a pillar of Fujifilm’s business, accounting for nearly half the group’s overall operating profit. It has limited prospects for future growth, however, because of declining demand for office printing.

The reported operating profit of the joint venture, called Fuji Xerox, was about $ 750 million on sales of $ 10 billion in the year ended last March.

Fujifilm declined to comment on the Journal report.

Reporting by Kanishka Singh in Bengaluru; Additional reporting by Makiko Yamazaki in TOKYO; Editing by Peter Cooney and Muralikumar Anantharaman

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China Citic, Baidu launch direct bank in fintech push
November 18, 2017 12:00 pm|Comments (0)

BEIJING (Reuters) – China Citic Bank Corp (601998.SS) and search engine giant Baidu Inc (BIDU.O) launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalize on China’s rapidly growing fintech sector.

FILE PHOTO: A man stands in front of CITIC bank’s branch in Beijing, China, March 23, 2016.REUTERS/Kim Kyung-Hoon

AiBank is one among several tie-ups between an internet firm and a lender in China’s booming online finance market where technology gurus like Alibaba Group Holding Ltd (BABA.N) and Tencent Holdings Ltd (0700.HK) have already set up their own finance arms to offer a range of financial products including payment, wealth management and micro loans.

A direct bank offers services over the internet instead of through physical branches.

AiBank will focus on lending to individuals and small businesses while leveraging big data and artificial intelligence to build new risk control models, Li Rudong, president of the new bank said at a launch event in Beijing.

Li said 60 percent of the new bank’s employees will be technology staff.

“AiBank is the future of intelligent finance…It is an institution that understands customers best and understands finance best,” said Baidu Chief Operating Officer Lu Qi.

Mid-tier lender Citic Bank owns 70 percent of the joint venture, while Baidu controls the remaining 30 percent. The direct bank has a registered capital of 2 billion yuan.

China’s banking regulator approved the establishment of AiBank earlier this year.

Reporting by Shu Zhang and Elias Glenn; Editing by Muralikumar Anantharaman

Our Standards:The Thomson Reuters Trust Principles.

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'The future is exciting. Ready?' asks Vodafone in new ad push
October 5, 2017 12:00 am|Comments (0)

LONDON (Reuters) – “The future is exciting. Ready?”, Vodafone is asking in a new campaign it hopes will capture a sense of optimism about technology, an association mobile operators have to some extent lost in recent years to the likes of Facebook, Google and Apple.

The slogan, which replaces “Power to You”, in use since 2009, will be deployed in all of the company’s 36 markets from Friday in the biggest ad campaign in its 33-year history, Vodafone said.

“Technology can be complex, can be overwhelming and can sometimes alienate people,” said Serpil Timuray, Vodafone’s chief commercial operations and strategy officer.

”But at the same time we know that digital innovations have significant benefits for individuals and for societies.

“In order to express this point of view, we will be repositioning the Vodafone brand on the theme of future optimism.”

The new strapline has echoes of “The future’s bright. The future’s Orange” – a slogan that helped Orange establish itself as a new rival to Vodafone when it launched in 1994.

Vodafone, the world’s second largest mobile operator, declined to say how much it was spending on the brand overhaul, which also includes a new visual identity based on its “speech mark” logo.

Reporting by Paul Sandle; Editing by Mark Potter

Our Standards:The Thomson Reuters Trust Principles.

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Oracle unleashes attack on Amazon in push for cloud computing crown
December 6, 2016 8:10 am|Comments (0)

Oracle co-founder Larry Ellison has launched a scathing attack on Amazon claiming that his own business can lower prices and faster technology …


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Capgemini recruits Microsoft Azure in cloud service expansion push
December 31, 2015 12:25 pm|Comments (0)

CloudCapgemini has added Microsoft to its cloud services programme as it seeks to give a broader range of cloud services to more clients. Microsoft is the first in a number of vendors that CapGemini is seeking to add to its cloud service portfolio, it said.

Under the new Capgemini Cloud Choice with Microsoft scheme it will offer cloud advice, managed platforms and ‘applied integrated innovation’ services. Initiatives include OneShare, which speeds the testing and development of Microsoft Azure systems and offers to control costs through usage monitoring and resource scheduling.

A second mooted offering is SkySight, which is described as an ‘Azure-like’ private cloud which aims to help enterprises to speed up the installation of new applications. Capemini says it will help clients get value for money on managed services and fine-tune the configuration process.

A third scheme will create industry-focused IP offerings, such as a system tailored to the specific needs of the banking sector, based on the experiences of Capgemini’s own in house banking specialists. The domain expertise will be offered in all major industries, including pharmaceuticals, manufacturing and the health sector.

The cloud offering will cover all solutions encompassed within hybrid, public, hosted and private cloud services using Azure.

As part of the offering, Capgemini will align activities with independent software vendors and start-ups to create new ways of delivering integrated solutions. New ventures and start-ups will also benefit from the offering, Capgemini says, as partners will become a focal point for integrating new innovations into the Capgemini solutions portfolio.

The expansion comes after Capgemini subsidiary Sogeti reported that it managed to cut the costs of one client, Dutch postal service PostNL, by 20 per cent by migrating its IT services onto the cloud with Microsoft Azure.

“Capgemini helped us to define our roadmap to migrate more than 40 applications and now operates its Cloud Platform for us,” said Marcel Krom, CIO at PostNL. “We have reduced costs and gained flexibility in handling volume variances.”


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SEC’s 2nd Push on Cyber Security Focuses on Risk Assessment
September 19, 2015 9:15 am|Comments (0)

The SEC’s Office of Compliance Inspections and Examinations issued a risk alert this week to give some guidance about the areas of focus the second round of their cyber security examination initiative…

(PRWeb September 19, 2015)

Read the full story at http://www.prweb.com/releases/2015-Cyber-Security/SEC-alert/prweb12972002.htm


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