Amazon's Stock Gains, As Fire Tablet Now Available In China

By Tomi KilgoreMarketWatch Pulse

Amazon.com Inc.'s stock rose 0.7% in premarket trade Thursday, after the online retail giant said its Fire tablet is now available in China. The company also announced an agreement with Chinese Internet services company Baidu Inc. , to provide search, apps and online video services for Fire tablets in China. Amazon's Kindle readers were already available in China. The stock, which rose to an all-time intraday high of $684.82 on Wednesday before reversing to close down 0.4%, has surged 34% over the past three months, while the S&P 500 has gained 6.6%. Amazon said earlier this week that it logged record sales of its own devices over the Thanksgiving holiday weekend.

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