date:May 26, 2014
Amazon has invested $20 million in Yummy77, a food-delivery website which is based in Shanghai. Yummy77 used Weibo to make the announcement. It is understood that they will use the additional capital to enlarge Amazon China's selection of goods, and to venture into other markets.
This marks the first time that Amazon has injected funds into a Chinese company, though they launched in the country 10 years ago. Amazon said it will hold a minority share in Yummy77, which will continue to operate in