Amazon may be facing a big contender in its efforts to strike a deal to purchase Dubai-based online retailer Souq.com. Just last week, it was reported by Reuters, citing sources familiar with the deal, that Amazon had inked a deal to buy Souq.com. The report...
May 25, 2017
Dubai-based e-commerce retailer Emaar Malls has been looking to expand its online presence for quite some time. Following a March bid loss of Souq to Amazon, Emaar Malls has now announced its win of acquiring a majority stake in Berlin-based e-commerce incubator Rocket Internet’s fashion site Namshi. With $151 million, Emaar Malls beat out other bids […]
