Amazon Reveals More Than 1 Million Prime Subscribers in India

On Monday, Amazon (NASDAQ: AMZN) revealed that it had achieved an important milestone in India: It has reached more than 1 million Prime subscribers. The announcement came as part of the company's blog post detailing the results of Amazon India's Prime Day 2020, held on Aug. 6-7. The e-commerce titan said that in the 14 days leading up to the two-day event, "[o]ver 1 million Prime members shopped from small businesses."

Twice as many customers signed up for a Prime subscription during the 2020 event compared to last year, and 65% of the new customers were from more rural areas, outside the top 10 cities in India.

Image source: Getty Images.

Continue reading

Source Fool.com