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Updated Apr 15, 2021 | 16:11 IST Amazon has announced a $250 million fund for small and medium businesses in India. CEO Andy Jassy also said the company will add over 1 million local kirana stores to its platform by 2025 Incoming Amazon CEO Andy Jassy  |  Photo Credit: AP Amazon India on Thursday announced a $250 million Amazon 'Smbhav Venture Fund' to invest in startups and entrepreneurs focusing on technology innovations in small & medium businesses (SMBs) digitization, agriculture and healthcare. The venture fund will invest in technology-led startups ...

Amazon CEO Jeff Bezos to step down Amazon founder Jeff Bezos has stunned staff at the e-commerce company by announcing he is stepping down as CEO. Bezos, the second richest man in the world, founded the company 27 years ago and announced his decision in a letter to employees on Tuesday (February 2, 2021). He revealed the switch will take place in the third quarter of 2021, when Amazon Web Services CEO, Andy Jassy, will take over. Bezos will become the executive chair of Amazon’s board. “I intend to focus my energies and attention on new products and early initiatives,” Bezos stated ...

Who is Amazon's new chief executive? After joining Amazon in 1997 and helping what was then a small online bookseller to expand its catalogue to CDs, Andy Jassy began shadowing Bezos as a technical assistant in the early 2000s. (REUTERS)Premium Aaron Tilley , The Wall Street Journal Since Amazon Web Services (AWS) launched in 2006, Andy Jassy, who is set to take over as chief executive, has been its chief architect and evangelist Share Via Read Full Story Andy Jassy, the Amazon.com Inc. leader who is set to take over as chief executive from founder Jeff Bezos later this year, is a longtime ...

WASHINGTON, Feb 3 — Amazon founder Jeff Bezos said yesterday he would stand aside later this year as chief executive of the company he built from a start-up into one of the world’s most valuable firms. The world’s richest person based on his Amazon stake, Bezos said he will transition to the...

Read more about Amazon's Jeff Bezos to step down as CEO in Q3, Andy Jassy to take over on Business Standard. Bezos, who founded the company 27 years ago, will become the executive chairman of the Amazon Board