Amazon will now sell physical goods to Mexico through its Amazon.com.mx website. The company previously only sold e-books and other digital goods in the country.
The company will also third-party sellers will be able to sell to customers in Mexico with no product listing fees.
In a separate announcement Amazon announced that it will now offer its Amazon Wed Services (AWS) in India by 2016. AWS offers cloud computing services for a variety of companies.
"Tens of thousands of customers in India are using AWS from one of AWS's eleven global infrastructure regions outside of India," Andy Jassy, Senior Vice President, AWS said. "Several of these customers, along with many prospective new customers, have asked us to locate infrastructure in India so they can enjoy even lower latency to their end users in India and satisfy any data sovereignty requirements they may have."
Insight from TheStreet's Research Team:
Amazon is a core holding of Bryan Ashenberg's GrowthSeeker.com Portfolio. During the most recent weekly roundup, this is what Bryan had to say about the stock:
Amazon.com (Consumer Discretionary -- AMZN:Nasdaq, 41 shares, 3.73%; $475 price target): Amazon's shares traded 1% lower this week. On Monday, Piper Jaffray reiterated its Overweight rating and $520 price target on the stock. The analyst believes the company's rollout of same-day shipping and same-hour deliveries is creating a large defensive moat and allowing the company to compete with a traditional retailer in a way not previously possible.