Amazon to become Mexico's leading online retailer by this year

Amazon.com Inc likely doubled its sales to become the biggest internet retailer in Mexico this year, helping to grow the country's nascent e-commerce market by a third, according to a report by market research firm Euromonitor International.

The world's largest online retailer will generate $502.2 million in Mexico sales this year compared with $243.9 million last year, the Euromonitor report said. Its findings were based on trade surveys, market studies and data research.

Source: AOL Finance