Amazon, one of the world's largest online retailing business firm have bought a new online retailing business firm Souq.com from Dubai to expand its business overseas. However, the company was bought with the highest bid of $ 800 million.

However, when asked to the companies about the deals and condition, both the companies declined to comment on the case. After losing the Alibaba Group holding Ltd, the firm is trying to give a tough vie to Flipkart.

Previously, the company said that it would open the grocery store in India. Before this, the company has launched a bookstore in the New York, with the huge collection o books.

Also Read:

Snapchat, most searched application on App Store

Amazon plans to have a grocery store in India

China's giant chip major plans to expand business globally