Amazon.com Inc., the USA based e-commerce giant, on 28 March 2017 acquired Souq.com, the Middle East’s largest online retailer. However, the deal’s specific value was not announced.
Amazon: American electronic commerce and cloud computing company Founder and CEO : Jeff Bezos Founded on : 5 July 1994 Based In : Seattle, Washington. Souq.com : The largest e-commerce platform in the Arab world. Co-founder and CEO : Ronaldo Mouchawar
Ronaldo Mouchawar, the Chief Executive and Co-founder of the Souq.com, called the agreement “a critical next step in growing e-commerce presence on behalf of customers across the region.”
About Souq.com
•The Souq.com is an English-Arabic language e-commerce platform.
•The It is often described as the Amazon of the Middle East.
•It is the largest e-commerce platform in the Arab world.
About Amazon
•The Amazon.com is an American electronic commerce and cloud computing company.
•The It was founded on 5 July 1994 by Jeff Bezos.
•The It is based in Seattle, Washington.
•The It is the largest Internet-based retailer in the world by total sales and market capitalization.
•The Amazon has separate retail websites for the United States, the United Kingdom, Ireland, France, Canada, Germany, Italy, Spain, Netherlands, Australia, Brazil, Japan, China, India, and Mexico.
•The In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization.
Current Affairs 31st March, 2017 Current Affairs One Liners 30th March, 2017 Current Affairs Round Up Bullet Points, March, 2017
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