Amazon Invests $20M In Shanghai-Based Food Delivery Site Yummy77

 Amazon has poured $20 million in Yummy77, a food delivery site based in Shanghai. Yummy77 confirmed the funding in a post on Weibo and said it will use the capital to expand into new markets and help Amazon's China site expand its selection of goods. This marks the first time that Amazon has invested in a Chinese company after launching in the country a decade ago. Read More