Amazon will pay more than $1.2 billion to acquire Zoox, the Foster City, California, self-driving technology company, reports the Financial Times (FT).
While the purchase could fuel Amazon’s delivery fleet, a source familiar with the deal told the newspaper it could signal the eCommerce giant’s entry into ride-hailing.
The source said Amazon
Never short of wildly successful ideas, Jack Ma is the founder and CEO of Alibaba Group. It is a group of Internet-based businesses that retail in products and services all over the world. Jack overcame tremendous odds to build his e-commerce empire. He endured a poor upbringing in communist China.
US e-commerce giant Amazon has this year scaled down its investment in India, and this has evoked a wider debate over India as an investment destination with top politicians of both the countries joining in.
This financial year Amazon has so far invested only 28 billion rupees (US$ 394 million) in
Synchrony Financial and Amazon are associating on a credit card for those who might not have good enough credit to acquire one otherwise.
Amazon is paving a way to acquire its rewards credit card in the hands of more people. It permits people eventually to “graduate” to another Amazon Store card