Bumper sales in its Prime subscription business pushed Amazon to record local revenues of $7.7 billion last year, up by around one-fifth, and helped cement its increasing dominance of Australia’s e-commerce sector.
The technology giant, which started as an online bookseller in 1994, has been investing heavily in Australia. The Seattle-headquartered technology giant has invested around $20 billion locally since 2011.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com