Amazon’s stock plunged a brow-raising 12% after the company announced a quarterly net loss of $3.8 billion. Compared to the same period last year, the company had made a profit of $8.1 billion. Although the overall revenue grew 7% yearly to $116.4 billion, Amazon predicts that the revenue for the next quarter will be taking
With the burgeoning European market, Amazon aggregator Razor Group is set to acquire smaller rival Factory 14. In sum, Amazon aggregator Razor Group is on the verge of acquiring smaller rival Factory14 The 100-person strong workforce at Factory14 is set to join the Berlin-based aggregator An acquisition deal worth a double-digit million-dollar amount in the
The growing trend of e-commerce aggregators has caused significant disruption in the Asian market. South Korea, the fifth-largest e-commerce marketing in the world is now rolling up. Wholesum, a Seoul-based e-commerce aggregator jumped into the bandwagon and is now buying third-party merchants that would normally sell on large e-commerce platforms like eBay and Amazon. The
