financetom
Business
financetom
/
Business
/
Market Chatter: Amazon's Big River Services Created to Gather Intel on Rivals
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Amazon's Big River Services Created to Gather Intel on Rivals
Apr 18, 2024 5:20 AM

07:59 AM EDT, 04/18/2024 (MT Newswires) -- Amazon.com ( AMZN ) created Big River Services International in 2015 to covertly gather intelligence on competitors like Walmart ( WMT ), eBay ( EBAY ) and Shopify ( SHOP ), The Wall Street Journal reported, citing people familiar with Big River and corporate documents viewed by the news outlet.

Big River sells around $1 million annually of goods through multiple e-commerce marketplaces under brand names like Rapid Cascade and Svea Bliss, the report said.

Through its sales across several countries, Big River gathers pricing data, logistics information and other details about its competitors' e-commerce marketplaces, logistics operations, and payments services. Big River has then shared that information with Amazon ( AMZN ), according to the report.

Amazon ( AMZN ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved