Amazon Snaps Up China's Largest Web Retailer
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Amazon.com (Nasdaq: AMZN) has said it will buy Joyo.com Limited -- a British Virgin Islands company that operates the largest Internet retail Web site in China -- for US&#36;75 million.
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Critics thought it was over the top when Amazon.com Inc. expanded from books into music in 1998. When the Web retailer let competitors start selling things alongside its own inventory in 2000, they said Amazon had gone nuts.
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Amazon is selling storage, computing power and other behind-the-scenes data center services.
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DECEMBER 27, 2004 (REUTERS) - Online retailer Amazon.com Inc. today said it set a one-day selling record and logged its busiest holiday shopping season in its 10 years.
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(InfoWorld) - Amazon.com is now offering to host small and medium-size businesses' (SMBs) online stores and handle their order fulfillment process. The two new services, called Fulfillment by Amazon and WebStore by Amazon, are now available in test, or beta, form, the Seattle e-commerce giant announced Tuesday. Amazon has provided services such as these to large retailers for years, but it is now targeting SMBs that lack the time and resources to handle these tasks. Retailers that sign up for the fulfillment service send their products to an Amazon depot. When customers place orders, Amazon will pack and ship products and provide post-sales customer service support like returns and refunds. Fulfillment by Amazon's handling fees start at $0.50 per item plus $0.40 per pound and a storage fee of $0.45 per cubic foot per month. Retailers can also extend to their shoppers special shipping options from Amazon, like free shipping on certain orders. Meanwhile, WebStore by Amazon handles the hosting of an online store, including bandwidth allotment based on traffic patterns and payment processing. Amazon charges a 7 percent commission on each product purchased, plus a monthly fee of $59.95. Retailers can choose from various layout options and post their own photos and logo to customize the site. More information isÂ available here.
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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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Wal-Mart , the world's largest retailer, said on Monday it acquired a 35 percent stake in Chinese supercenter operator Bounteous Company Ltd., expanding its presence in the world's most populous country.
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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 Inc., the world&#39;s biggest Internet retailer, began offering a DVD-rental service in the UK that will probably increase traffic on its site and could compete with Netflix Inc.
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Online retailer Amazon.com (AMZN) said Monday it set a one-day selling record this year and logged its busiest holiday shopping season in its 10 years.
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Amazon, the biggest online retailer, starts a TV and film download service in the US called Unbox.
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The e-commerce Web services specialist is helping a growing list of retail manufacturers sell their wares via Amazon.
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Internet retailer Amazon.com Inc. said on Thursday that it will buy Joyo.com Ltd., which runs some of China&#39;s biggest retail Web sites, for about $75 million to gain entry into China&#39;s fast-growing market.
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Online retailer Amazon.com Inc.  AMZN.O on Monday said it set a one-day selling record this  year and logged its busiest holiday shopping season in its 10  years.
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Best known as an online retailer, Amazon.com has been gradually building up the number of Web services it offers to developers, with the ultimate aim of turning that operation into a profitable business.
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After quite a few of negotiations, China&#39;s non-state-run Joyo.com Ltd. has finally reached a deal with Amazon.com Inc., the US E-commerce giant, which possibly meant a beginning
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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.