Previous close | 1.1400 |
Open | 1.1400 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 80.00 |
Expiry date | 2025-12-19 |
Day's range | 1.1400 - 1.1400 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Amazon launched its online shopping service in South Africa on Tuesday, challenging a number of online retailers dominated by Naspers' Takealot.com. Africa's most advanced economy is usually seen as a good entry point for companies to expand into the continent and Amazon could be doing the same, analysts have said in the past. The launch of its service comes at a time when South Africa has seen a sharp rise in online shopping after the pandemic created an opportunity for e-commerce to finally take hold, with retailers doubling down on investments in response.
JOHANNESBURG (Reuters) -Amazon launched its online shopping service in South Africa on Tuesday, challenging a number of online retailers dominated by Naspers' Takealot.com. Africa's most advanced economy is usually seen as a good entry point for companies to expand into the continent and Amazon could be doing the same, analysts have said in the past. The launch of its service comes at a time when South Africa has seen a sharp rise in online shopping after the pandemic created an opportunity for e-commerce to finally take hold, with retailers doubling down on investments in response.
Amazon said Tuesday it would invest US$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city.Microsoft pledged US$2.2 billion in artificial intelligence and cloud computing investment in Malaysia on Thursday.