SAN FRANCISCO: Amazon.com Inc is launching a new business offering loans to some of its online sellers, a move that could boost the growth of its giant Internet marketplace, Chief Executive Scot Wingo of e-commerce advisory firm Channel Advisor said on Thursday.The new program is called Amazon Lending and sellers on the company's marketplace have been sent emails offering loans from Amazon Capital Services Inc, according to Wingo, who posted a copy of one of the emails on Channel Advisor's website.
Amazon shares rose 2.4 per cent to $255.74 in early afternoon trading.
Amazon spokesmen did not immediately respond to an email seeking comment.
source:economictimes
