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The e-commerce giant, Amazon, reportedly contacted several major third-party sellers in the North American market, asking them to postpone their list of products on Souq.com. Amazon has invited these product vendors to enroll their products on Amazon's new platform for the MENA region. <br><br>According to reports published by CNBC, Amazon's e-commerce giant plans to close Souq.com, a popular e-commerce website in the Middle East region, in favor of creating a new platform called Amazon.ae. The new platform would offer a better platform with refined integration supported by its advanced technology systems and native logistics.
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Souq Coupon Amazon.ae to Replace Souq.com Soon as New Middle East E-commerce Platform
The e-commerce giant, Amazon, reportedly contacted several major third-party sellers in the North American market, asking them to postpone their list of products on Souq.com. Amazon has invited these product vendors to enroll their products on Amazon's new platform for the MENA region. According to reports published by CNBC, Amazon's e-commerce giant plans to close Souq.com, a popular e-commerce website in the Middle East region, in favor of creating a new platform called Amazon.ae. The new platform would offer a better platform with refined integration supported by its advanced technology systems and native logistics. Souq Coupon
About Souq.com Souq.com is one of the most popular e-commerce websites in UAE, Saudi and Egypt. It is an Amazon subsidiary after its acquisition in 2017. Souq is a lucrative platform to purchase branded products at highly discounted prices. Souq Coupon
Amazon.ae to Replace Souq.com According to the latest speculation, Souq.com should be replaced by the online trading giant, Amazon's new platform - Amazon.ae. The new platform should be launched soon. No official notification or press release was issued by Souk's official spokesperson when this question was asked. However, the spokesperson's very response to the email came from an Amazon.ae mail domain, raising speculation later. It is still unclear whether the e-commerce website plans to rename the popular Souq.com under the name Amazon.ae or if they plan to close it completely. However, Amazon declined to comment on the speculation without giving a nod or a no to the question. Souq Coupon
Buying of Souq.com by Amazon Souq.com was acquired by Amazon in 2017. Amazon.com purchased the website of the then-largest e-commerce giant, Quidsi, at a price of $ 580 million, which was closed in 2017. Quidsi is the company mother of diapers.com. souq.com that the first had acquired seven years ago at a price of 545 million US dollars. Although Amazon and Quidsi sold similar products on their respective sites, the latter was purchased by Amazon in 2017. Speaking of the acquisition, Amazon sent an invitation to a select group of vendors, who said: "After Amazon's acquisition of Souq, I offer you an invitation to participate in new innovative sales projects in our group of sellers. "The invitation has been added," Our programs are simple, they facilitate the expansion of your chosen business category to a new buyer base at Amazon. " Souq Coupon
Keeping it private Merchants who spoke with CNBC asked to remain anonymous and not to be identified because discussions with Amazon were private. In addition, The Logistics Middle East has not yet verified the accuracy of the invitation emails sent by Amazon. Amazon.ae Amazon's new platform launched in the Middle East is known to look like all Amazon's other websites and their international websites such as Amazon UK or Amazon Germany. According to the sellers, this would give it a more unified brand and appearance in the region. Similar to Souq Coupon, customers will have access to excellent offers and offers. Customers will continue to be offered similar offers in which they can benefit from discounts etc. offered by Amazon. Although Amazon.com has replaced Souq.com, the offers will remain unchanged with a new range of sellers aimed at reaching the target audience. The new e-commerce platform would come with the same back-end system as the vendors used in the US, as well as access to Fulfillment by Amazon (FBA), transport service and storage services of the society. However, at present, the Amazon.com e-commerce giant still has a dozen vacancies for Souq.com. Souq Coupon
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