Business
Amazon breaks through $1 billion revenue mark in Australia – Sydney Morning Herald
E-commerce juggernaut Amazon is now a billion-dollar company in Australia after its revenue doubled during 2020 in part due to COVID-19.
However, the level of investment has dropped on last year, where related party revenues comprised half of Amazon Australias total revenue, showing the local business is beginning to rely less on its parent companys income.
Revenue from third-party sellers, which refers to Amazons marketplace business, jumped to $126 million. The retailer has also seen a successful uptake of its Prime subscription service, which provides free shipping along with access to various TV shows and movies, with revenue…
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