Amazon.com buys out Joyo.com
(Reuters)Updated: 2007-06-05 15:07
Online retailer Amazon.com Inc. said on Tuesday it had bought out Joyo.com
after it raised its investment in the company, one of China's leading online
shopping platforms.
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"We are increasing the investment in Joyo," he told Reuters.
Amazon now held 100 percent of Joyo he said, without giving details of the size of the investment.
"When you like the odds, you increase the investment," he said
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