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Souq.com was the largest e-commerce platform in the Arab world. The company launched in 2005 in Dubai , United Arab Emirates . [ 2 ] On March 28, 2017, Amazon.com Inc. acquired Souq.com for $580 million as a subsidiary.
Souq.com. Ronaldo Mouchawar (Arabic: رونالدو محشور), is a Syrian entrepreneur. In 2005, he co-founded Souq.com, the largest e-commerce retailer in the Arab World, making the e-commerce retailer the region's first unicorn. [1] When Amazon acquired Souq in 2017, Mouchewar became vice president of Amazon Middle East and North Africa. [2]
Jeff Bezos's home in Bellevue, Washington, where the company was founded in 1994. Amazon was founded on July 5, 1994, by Jeff Bezos after he relocated from New York City to Bellevue, Washington, near Seattle, to operate an online bookstore. Bezos chose the Seattle area for its abundance of technical talent from Microsoft and the University of ...
The souq was founded at least a century ago in proximity of the dry river bed known as Wadi Musheireb. It was a gathering place where Bedouins and locals would trade a variety of goods, [3] primarily livestock goods. [4] However with the boom in prosperity in the 1990s, the Souq fell into decline and in 2003, most of it was destroyed in a fire.
Amazon.com, Inc., is an American electronic commerce and cloud computing company headquartered in Seattle, Washington. Founded by Jeff Bezos on July 5, 1994, as an online bookstore, Amazon went public after an initial public offering on May 15, 1997, during the midst of the dot-com bubble. [1] The funds gained from the IPO allowed Amazon to ...
Souq (company) This page was last edited on 7 June 2020, at 19:46 (UTC). Text is available under the Creative Commons Attribution-ShareAlike ...
In 2016 his company raised an undisclosed amount of funding from Souq.com, the region's e-commerce major. [15] Until 2018, InstaShop has expanded from the UAE to Qatar, Egypt, Lebanon and Bahrain and was nominated one of the region’s most promising start-ups to watch by Forbes Middle East.
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