Welcome to WebmasterWorld Guest from 3.85.214.0

Forum Moderators: buckworks

Message Too Old, No Replies

Amazon buys Souq

marking its move into the Middle East

     
11:03 pm on Mar 28, 2017 (gmt 0)

Senior Member from US 

WebmasterWorld Senior Member keyplyr is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:Sept 26, 2001
posts:12913
votes: 893


Amazon today confirmed that it has acquired Souq.com, an e-commerce marketplace serving the Middle East based out of Dubai, which was already commonly described as “the Amazon of the Middle East.”
Amazon’s acquisition of Souq marks the company’s first move into serving the Middle East region, which covers a total of some 50 million consumers across several countries, as well as a relatively untapped market: only about two percent of all retail spend today is made online, according to a report from McKinsey.
[techcrunch.com...]