Amazon, along with private equity firm Samara Capital, will acquire Indian supermarket chain More for an undisclosed sum. According to DealStreetAsia, a source said the transaction was valued at around ₹4,200 crore (more than $583 million USD). The acquisition of More’s parent company, Aditya Birla Group,...
Amazon is forecast to reach the number three spot among sellers of digital ads in the U.S. this year, according to market research firm eMarketer. According to The Wall Street Journal, buoyed by a pickup in ad revenue growth and accounting changes, Amazon is on...
Amazon.com announced Wednesday (September 19) that it launched in Turkey, enabling consumers in the country to shop from millions of products over the internet. In a press release, Amazon said Amazon.com.tr is now live, featuring products in 15 different categories including books, consumer electronics, sports,...
eCommerce giant Amazon is looking into allegations that employees are offering merchants internal data and confidential information that can help them boost sales, reported The Wall Street Journal (WSJ). The report, citing sellers who have been offered and purchased the data, reported employees, with the aid...
Amazon.com Inc. is reportedly gearing up to launch a new store later Monday (September 17) where consumers can shop the U.S. small and medium sized businesses that sell on the platform. According to a report in FoxBusiness.com, the store is being called Amazon Storefronts and gives...
Amazon.com’s head Jeff Bezos said Thursday (September 13) during an interview at the Economic Club in Washington D.C. that the world will know shortly the location of its second headquarters. According to a report in the Wall Street Journal, Bezos wouldn’t name names when asked about...
Thanks in large part to Amazon‘s global reach, the world is getting more connected and seemingly smaller with Souq, an online retail and marketplace website in Saudi Arabia, which announced the launch of the Amazon Global Store. In a press release, Souq said the store offers...
A new study by Deutsche Bank has found that 85 percent of insured Amazon Prime members would buy prescription drugs from the eCommerce giant. In June, Amazon announced it was acquiring PillPack, the pharmacy focused on people in the U.S. who take multiple daily prescriptions. That deal, along...
Amazon’s Prime subscription business is expected to more than double in the next 10 years, hitting 275 million subscribers in the U.S. alone, according to estimates by Citigroup. CNBC, citing Citigroup analysts, reported that the Wall Street firm argued in a research report – in...
