Ama­zon shut­ting down Quidsi unit

New Straits Times - - Business -

SAN FRANCISCO: Ama­zon on Wed­nes­day con­firmed that it is shut­ting down its Quidsi unit, which runs web­sites Di­a­ and, due to a per­sis­tent lack of prof­itabil­ity there. Quidsi was an Ama­zon ri­val in the United States be­fore it made a US$545 mil­lion (RM2.41 bil­lion) deal in late 2010 to buy the startup. “We have worked ex­tremely hard for the past seven years to get Quidsi to be prof­itable, and un­for­tu­nately we have not been able to do so,” said an Ama­zon spokesper­son. Agen­cies

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