• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

Loading...
See More

Amazon to offer loans to sellers

Sep 28 2012 10:05 Reuters

Related Articles

Web address land grab

Amazon's Kindle flying off the shelves

Amazon tablet to rival iPad

Amazon revenue, spending surge

Sony's Music Unlimited comes to Android

Amazon weighed buying RIM but interest cooled

 

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.


*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

 
amazon

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht
Habits of the world’s richest people
The rich dogs of Instagram

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...