Amazon.com, Inc. (NASDAQ: AMZN) shares rose on Thursday after Chief Executive Officer Jeff Bezos revealed that the Amazon Prime now has more than 100 million members worldwide.
Bezos announced the milestones in a letter to shareholders on Wednesday. The e-commerce giant has exceeded 100 million paid Prime members globally. Bezos said that new members joined Prime in 2017 exceeded any year prior and the company shipped more than five billion items with prime worldwide.
“Prime added more members in India in its first year than any previous geography in Amazon’s history,” the CEO wrote. “Prime selection in India now includes more than 40 million local products from third-party sellers, and Prime Video is investing in India original video content in a big way, including two recent premieres and over a dozen new shows in production.”
Amazon shares rose nearly 2 percent to $1,556 in the early trading on Thursday. The stock fell below $1,400 after U.S. president Donald Trump attacked Amazon in twitter on taxes and shipping. Amazon shares were up 32 percent this year.
This is the first time Amazon disclosed the number of Prime members. Amazon Prime membership offers two-day shipping on certain items, access to the company’s streaming-video library and other media and other features. In January, Amazon increased the price of the monthly prime membership for new members from $10.99 to $12.99.