A good expansion, and taking a good stroll into the scale of Le Web.
E-commerce giant Amazon has reportedly made its first investment into the French market: it has acquired a 25% stake in Colis Privé, a delivery company that competes in France against the likes of state-owned La Poste, and global giants TNT, DHL, UPS and FedEx to deliver parcels. The news was first reported by the French blog le Journal du Net, and we are reaching out to both companies for confirmation.
Terms of the investment were not disclosed.
If accurate, the move makes a lot of sense for a number of reasons. In the U.S. Amazon has built up a formidable logistics operation. But to improve margins and general efficiency, it has been slowly working on ways of extending that even further, with reports last week that it is testing a parcel delivery service in San Francisco, Los Angeles and New York. Last-mile delivery is something that companies like Google…
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