Amazon Business tops $10 billion annual revenue run rate

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Amazon Business, which is focused on B2B, now has an annualized revenue run rate of more than $10 billion, the company said.

In a blog post, Amazon said its Amazon Business effort, which aims to connect businesses, has gained significant traction in the U.S. with 55 of the Fortune 100 companies, half of the 100 largest hospitals and a bevy of government, education and small business customers.

Amazon Prime vs Amazon Business: Everything you need to know

The company, which just launched Amazon Business in Italy, France and Spain, is also expanding globally. Amazon Business has access to more than 150,000 business sellers in the U.S. and half of the $10 billion annual revenue tally is attributed to third party

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