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The global fashion business journal

Nov 28, 20203:31pm

Amazon invests 15 billion in 2019 to boost its marketplace

The investment has been used to launch new tools and services and build infrastructure and equipment for third-party sellers.

 

Oct 4, 2019 — 9:00pm
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Amazon invests 15 billion in 2019 to boost its marketplace

 

 

Amazon takes care of its marketplace. The ecommerce giant has invested 15 billion dollars in 2019 to boost its marketplace. Third-party sellers represent 58% of global sales in Amazon and exceeded 2 billion dollars in sales on Prime Day this year.

 

 Small and medium-sized companies that reached over one million dollars in sales in Amazon grew 20% last year.

 

“Small and medium-sized businesses are the lifeblood of the economy, and we are committed to empowering them,” stated Nicholas Denissen, Amazon vicepresident of small business.

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