Is this the New Amazon.com???

in #e-commerce9 years ago

As the internet overpowered the early 2000's many startups failed at bringing a new source of shopping to this new age. A need of innovation from the already innovating world was the reason why many people and businesses began and failed at creating a new type of commercial shopping. E-commerce. What many others failed at doing, such as Boo, Cuil and Friendster, Amazon did right. For about 20 years Amazon, debated to be the most popular e-commerce sights in the world, facilitated growth and trade among its users. Commercializing a whole new sector of shopping, and broadening its so called sphere of influence. However, amazon cannot reach all of the world due to conflict and treaties that ban foreign trade with some countries. So. As a direct result of this discrimination Amazon has unintentionally shared with much of the world/The Middle East, nearly 1 billion people, a new startup named "Noon" has gained a foothold in the eyes and the pockets of the venture capitalists who recently gave over 1 billion dollars, these venture capitalists include Alabaar who is the investor and chairman of Emaar properties which is responsible for producing the tallest building in the world, the Burj Khalifa, as well as a Japanese Technology Firm known for their telecommunications technology or better known as Softbank (SFTBF). The company is set to release the site to Saudi Arabia and the United Arab Emerates with a plan to release it to Egypt and Kuwait by 2018. Eventually, Alabaar said he would like for the site to go public for all the world. Then they would be set to compete with Amazon.

Many people and companies missed out on the chance of a lifetime to make money, or so they thought, when Amazon.com became the worlds most powerful retailer. This is a second chance, and a way to make money as people did over 20 years ago with Amazon.com. Soon I will provide links to more articles about Noon.com, and how to invest in startups.

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