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Amazon Spends $15 Billion to Help Merchants in Charm Offensive
NEW YORK (Capital Markets in Africa) – Amazon.com Inc., criticized for wielding too much power over third-party merchants on its marketplace, said it will spend some $15 billion this year to help them boost sales. The sum, which Amazon hasn’t previously disclosed, includes spending on the portions of the company’s warehouse network dedicated to storing and shipping seller items, and salaries for the engineers, managers and support staff who work on teams geared toward Amazon’s…
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