Amazon moves into Chinese market
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US internet giant Amazon.com is buying China's largest web retailer Joyo.com, in a deal worth $75m (Â£41m).
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Amazon began selling movies and television shows in digital format on the Internet, fulfilling the expectations of market watchers.
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It was a happy holiday shopping season for Amazon (AMZN). The e-commerce giant reported sales of $3.99 billion for the last three months of 2006, a 34% increase that beat the Street's average estimate of $3.77 billion.
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Amazon.com announced it has entered into a definitive agreement to acquire Joyo.com Limited, a British Virgin Islands Company, which operates the Joyo.com Web sites (www.joyo.com and www.joyo.com.cn) in cooperation with Chinese subsidiaries and ...
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Lenovo Group&#39;s takeover of IBM&#39;s personal computer business is a giant step in a multibillion-dollar foreign expansion by China, which is buying auto, television and telecommunications companies abroad.
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Internet giant Amazon.com Inc. will purchase China's biggest Web retailer, Joyo.com, sources familiar with the deal said on Thursday.
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Amazon.com, the world&#39;s biggest online retailer, is to buy Chinese rival Joyo.com for about $75m in a deal that will give it a substantial presence in China&#39;s growing internet market.
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The move is the first major effort by Amazon to sell downloadable entertainment to compete with an array of online video retailers.
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Amazon.com AMZN.O on Thursday   unveiled a widely anticipated Internet service offering movies   and TV shows that can be downloaded to personal computers,   solidly moving the online retailer into the nascent market.
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Internet retailer Amazon.com Inc.  is making its first foray into the big-screen movie business  after buying an option to develop a film from Keith Donohue's  fantasy novel "The Stolen Child."
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Internet retailer Amazon.com Inc.   is making its first foray into the big-screen movie  business after buying an option to develop a film from Keith  Donohue's fantasy novel "The Stolen Child."
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On Wednesday, e-commerce giant Amazon.com officially launched its new A9.com search engine, with which it steps right into the battle for the Internet search market currently dominated by Google, with Yahoo!
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Amazon.com  on Thursday  unveiled a widely anticipated Internet service offering movies  and TV shows that can be downloaded to personal computers,  moving it into a nascent and higher-margin business.
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Online retailer Amazon.com Inc. said on  Tuesday it had bought out Joyo.com after it raised its  investment in the company, one of China&#39;s leading online  shopping platforms.
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Amazon.com Inc. said Thursday it has agreed to buy Joyo.com Ltd., China's largest online retailer of books, music and videos, for $72 million.
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EBay Inc. on Tuesday confirmed it  is forming a venture with a Chinese partner as the U.S. Web  auction giant switches strategies for tapping China, a  promising market where it has so far struggled.
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Amazon.com will start selling MP3 music files through its international Web sites this year, the company said Sunday. But details of the company&#39;s plans to expand its&#160;digital music service&#160;remain scarce.