Amazon Business, a B2B unit, to reach $31 billion revenue by 2023: RBC

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RBC Capital thinks that there is a quickly growing but overlooked part of Amazon’s business – namely, Amazon Business – with revenue that will exceed more than $30 billion in just a few years.

“We believe Amazon Business has largely been ignored by investors,” RBC Capital Markets analyst Mark Mahaney said in a note on Friday.

The unit is Amazon’s business-to-business, or B2B, marketplace, serving a variety of customers from…



Source cnbc.com

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