Jeff Bezos says 100 million people have signed up for Amazon Prime

At Long Last, Amazon's Jeff Bezos Confirms Just How Many Prime Members There Are

Ecommerce giant Amazon surpassed the 100 million Prime subscriber mark, just one of the many milestones CEO Jeff Bezos mentioned in his annual shareholder briefing.

Bezos also confirmed Wednesday that Amazon expects Prime to soon be a factor in its Whole Foods grocery stores, after the e-commerce company acquired the brick-and-mortar chain for $13.7 billion past year (http://www.marketwatch.com/story/amazon-to-buy-whole-foods-for-137-billion-2017-06-16-91035726). Amazon had not previously revealed the number of Prime members.

"Amazon and Best Buy have a long history of working together, and today we take our partnership to a new level", Bezos said in a joint statement. Amazon also expanded to four new Prime markets - Mexico, Singapore, the Netherlands, and Luxembourg - and added a record number of subscribers in India in the first year offering the service. For Amazon Prime Videos, Bezos wrote, "We've expanded our slate of programming across the globe, launching new seasons of Bosch and Sneaky Pete from the US, The Grand Tour from the United Kingdom, and You Are Wanted from Germany, while adding new Sentosha shows from Japan, along with Breathe and the award-winning Inside Edge from India".

The company on Wednesday also announced a collaboration with USA consumer electronics retail chain Best Buy Co to sell Toshiba and Insignia "smart" Amazon Fire televisions infused with Alexa.

Jeff Bezos, Amazon's CEO and the world's richest man, received a total compensation of about $1.68 million previous year - or 59 times the median Amazon employee compensation. Shipping is the main draw of Amazon Prime, as it allows users to get free two-day shipping on all Prime-eligible items.

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Bezos, who has released such a piece of communication on a yearly basis since 1997, said its critical to continuously set higher and higher standards for the company as time goes on because customers do the same for expectations. "If low standards prevail, those too will quickly spread".

Amazon Web Services, a $20 billion revenue run rate business, accelerated its growth and pace of innovation, especially in new areas such as machine learning and artificial intelligence, Internet of Things, and serverless computing.

Amazon has also "begun the technical work" to bring Prime benefits to Whole Foods shoppers.

Best known as an online retail colossus, Amazon has the leading system for hosting services or content in the cloud and is the force behind the Alexa digital assistant being built into a wide array of devices.

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