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Shares in Shopify Jump 23% Following Integration with Amazon

Shopify this week announced that it has been selected as the preferred migration provider for Amazon Webstore merchants.

The Canadian company also noted that it now is providing its merchants with tools and services to help customers grow their online business and integrate Amazon offerings such as Login and Pay with Amazon, Fulfilment by Amazon, and Selling on Amazon.

“Both Amazon and Shopify are leaders in ecommerce so it’s a natural fit that we would enable our retailers to seamlessly run their businesses across either platform,” said Harley Finkelstein, Shopify’s Chief Platform Officer. “Many of Shopify’s existing 175,000 merchants already use Amazon as a sales channel, and this will bridge the gap between our two companies, with just a few simple steps.”

Shares in Shopify jumped more than 20% on the news.

 

Company:
Shopify
Location:
Ottawa, Ontario, Canada

Shopify is a leading cloud-based, multichannel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, brick-and-mortar locations, and pop-up shops. The platform also provides a merchant with a powerful back-office and a single... more

Company:
Amazon
Location:
Vancouver, British Columbia, Canada

Amazon.com, Inc. (NASDAQ:AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc., seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other... more

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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes and author of Tempest Bound. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys hiking, tennis, and martial arts. more

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