AWS plans $236 mn investment in Brazil

Amazon Web Services (AWS), the cloud computing unit of U.S., will invest 1 billion reais or $236.18 million in the Brazilian state of Sao Paulo over the next two years.
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“With this major investment by AWS, Amazon’s cloud computing business, we will create more jobs, technology and also opportunities for startups,” governor Joao Doria said in a statement.

The move comes as the e-commerce company strives to expand its in online retailing in the Brazilian market, where well-established local players pose a challenge to international rivals.

In December, almost a year after launching its first in-house fulfillment and delivery network in Brazil, announced plans to open a new distribution center in the northeastern state of Pernambuco.