Colin Sebastian on Amazon
Last quote by Colin Sebastian on Amazon
Amazon acquires business that they see as tangential to the core e-commerce marketplace, and in this case, I assume what they gain with Souq.com is a strong local brand, an early leadership position in the Mid-East e-commerce market, and a team with plenty of local expertise. Jeff Bezos and Amazon are clearly interested in tapping into growth in emerging markets – they recently launched in Mexico, they are investing billions in India, and it probably makes sense in other markets to make an acquisition.feedback
Mar 22 2017
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