Amazon launches Prime service in Poland
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FILE PHOTO: The logo of streaming service Amazon Prime Video is seen in this illustration picture taken March 5, 2021. REUTERS/Danish Siddiqui
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WARSAW (Reuters) - Amazon on Tuesday launched its Amazon Prime service offering free delivery and video streaming in Poland, sending shares in rival Polish e-commerce platform Allegro lower.
Amazon's Polish site https://www.reuters.com/article/us-amazon-poland-idUSKBN2AU0W9 went live in March, significantly intensifying competition in Poland's booming e-commerce sector.
"We are very pleased with the way Polish customers accepted the Amazon.pl service launched at the beginning of this year," Mourad Taoufiki, CEO of Amazon.pl, said in a statement.
Amazon said it is pricing its Prime service at 49 zlotys ($12.35) per year.
Shares in Allegro, whose Smart! service also costs 49 zlotys per year and offers free delivery on orders of more than 40 zlotys, were down 3.7% at 0805 GMT.
mBank analyst Pawel Szpigiel said Amazon's announcement was as a surprise, coming just a few months after the company's launch in Poland.
"It... seems that Amazon's appetite for the Polish market is big," he said.
Allegro did not immediately respond to a request for comment.
($1 = 3.9674 zlotys)
(Reporting by Anna Banacka, Alan Charlish and Pawel Florkiewicz; Editing by Kirsten Donovan)
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