Amazon has rolled out its Amazon Prime service in Poland with free delivery and video streaming, Reuters reported.
The news resulted in Polish eCommerce rival Allegro’s shares dropping by 3.7%, according to the report.
The Polish Amazon site went live in March and has given competition a shot in the arm in the country, the report stated. Amazon said it’s pricing its Prime service in Poland at 49 zlotys (about $12.35) per year.
Pawel Szpigiel, an mBank analyst, said the announcement from Amazon about the new Prime service was a surprise, according to the report. He said the eCommerce giant looks to have a big appetite for Poland’s market.
“We are very pleased with the way Polish customers accepted the Amazon.pl service launched at the beginning of this year,” Amazon.pl CEO Mourad Taoufiki said in a statement, per the report.
In other international Amazon news, the company revealed that Singaporean business-to-consumer (B2C) exports had an annual value of around $1.03 billion.
The value could go even higher if microbusinesses and small- to medium-sized businesses (SMBs) are able to keep bolstering eCommerce to sell around the world.
Microbusinesses and SMBs now make up around 45% of the Singapore B2C value of eCommerce exports. The current trends could result in 5% growth per year and could reach about $1.2 billion by 2026.
In other Amazon news, Hyundai has rolled out new showroom features on Amazon to enhance the process of shopping for cars. Expansions will let customers see available vehicles at dealers as they begin their car shopping experience on Amazon.
They’ll be able to contact dealers and estimate the price of their Hyundai online.