Amazon Enters $120bn Market

Amazon continues to make bold moves into lucrative retail markets in new regions. Now the U.S. e-commerce giant is targeting the U.K.’s online market, which was valued at £96.5bn (USD $120.45bn) in 2015.

The Guardian has reported that Amazon is promising U.K. enterprises a B2B service that sells office supplies, industrial tools and laboratory kits.

The new service will include free one-day delivery on orders over £30, prices without value-added taxes, as well as in-depth analytics to help buyers track how much they’ve spent on their account.

The service will sell a wide range of products including office supplies and IT equipment, as well as thermal imaging cameras, cleaning products, and lab materials.

The U.K., however, is not the only country being offered the new services. According to Amazon Business blog, the company first launched its B2B business outside U.S. in Germany last December after an initial launch in April, 2015.

The e-commerce giant has allegedly reaped more than $1bn (£800m) in annual sales and works with more than 400,000 businesses, according to the Guardian.

The U.K. launch is the latest in a string of expanding global moves by the internet-based retailer. In the past month, RT Media has reported on Amazon’s acquisition of in the Middle East as well as its move into Australia.

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