One of Wall Street's top tech analysts says Australia can be a key driver of the Amazon's international growth, forecasting the e-commerce titan's local revenues could increase eight-fold by 2023.
RBC Capital Markets' Mark Mahaney says Amazon could generate revenues of around $US2.36 billion, up from around $US300 million in 2018 as it snatches a forecast 11 per cent of Australia's online market share by 2023.
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Robert writes on companies and markets. He is a former New York and Shanghai correspondent, and has worked in Hong Kong. Email Robert at robertguy@afr.com.au
