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Amazon Prime goes live in China

Published 10/28/2016, 03:35 PM
Updated 10/28/2016, 03:35 PM
© Reuters.  Amazon Prime goes live in China
  • Where it will compete for market share alongside Alibaba (NYSE:BABA) and others.
  • Prime membership in the country to cost 388 yuan per year (presently around $57), below the $99 level in the U.S where the service registers over 65M subscribers.
  • The development comes amid Amazon's (NASDAQ:AMZN) 5% post-earnings fall as observers weigh the company's continued growth against increased investment spending.
  • In July – Amazon Prime introduced in India
  • In June – Amazon prepares mega investment in India

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