Amazon acquires Veeqo, a start-up that helps sellers manage their online businesses
Summary
A fast-moving conveyor belt moves a package through a scanning machine on its way to a delivery truck during operations on Cyber Monday at Amazons fulfillment center in Robbinsville, New Jersey, U.S., November 29, 2021. Amazon has sought to attract sellers to the program by cutting rates, as third-party logistics providers and companies like Shopify, UPS and FedEx have all launched their own fulfillment services. By acquiring Veeqo, Amazon could integrate more robust tools for sellers into its MCF program, potentially luring them away from other third-party logistics providers. "We look forward to discovering all the ways we can work with Amazon to build on our existing tools, develop new services and, ultimately, serve you better," Veeqo wrote. Founded in 2013, Veeqo is based in Swansea, Wales, and provides software that helps retailers manage their online businesses across e-commerce platforms, including Amazon, eBay, Shopify and Walmart, ranging from order shipping and returns, to keeping track of what products are in stock.
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