San Francisco - Amazon.com is launching a new business
offering loans to some of its online sellers, a move that could boost the
growth of its giant internet marketplace, chief executive Scot Wingo of
e-commerce advisory firm ChannelAdvisor said on Thursday.
The new programme is called Amazon Lending and sellers on
the company's marketplace have been sent emails offering loans from Amazon
Capital Services, according to Wingo, who posted a copy of one of the emails on
ChannelAdvisor's website.
Amazon shares rose 2.4% to $255.74 in early afternoon
trading.
Amazon spokespeople did not immediately respond to an email
seeking comment.
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