On Amazon, a quarter of merchants’ sales are cross-border

in #business • 7 years ago

 

LAS VEGAS: Amazon.com Inc is making a push for merchants on its website to sell goods into other countries, setting the stage for greater competition with rival marketplaces run by eBay Inc and potentially Alibaba Group Holding Ltd.More than a quarter of all revenue for sellers on Amazon globally was from cross-border transactions in 2017, up more than 50% from the year prior, Amazon vice-president Eric Broussard said in an interview, ahead of his Tuesday speech at the ShopTalk conference in Las Vegas.That amounts to between US$50bil (RM195.92bil) and US$75bil (RM293.88bil) for merchants selling to customers in another country, based on analysts' estimates for Amazon's total gross merchandise sales. Amazon does not disclose the figure.
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7 years ago in #business by
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     7 years ago 

    Amazon is expanding doesn't surprise me ever since the firestick I know they have grown a lot since then

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