Amazon invests in Yummy77
Print Edition
US e-commerce giant Amazon said yesterday that it has invested US$20 million in Shanghai-based online food vendor Yummy77 as it diversifies its product offerings beyond books and general merchandise.
“Our investment in Yummy77 represents our commitment to China as it shares with us the same dedication for customer service and execution,” Steve Frazier, vice president at Amazon.com, said in a statement.
Amazon, however, didn’t reveal the stake it would acquire in the fresh food website.
Yummy77 is expected to use the funds from Amazon to expand its operation network beyond Shanghai.
Yummy77, set up in February 2013, offers dairy products, fresh seafood, fruit, among other products. It also competes with other online food vendors like Fruitday and Yiguo as fresh food vendors tap the growing demand among urban residents for high-quality imported foods and swift delivery.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
