Amazon.com Inc. said Monday it is ordering first digital books from publishers such as Random House Inc. and Penguin Random House for the next two years.
Amazon is one of the largest booksellers in the world, and its stock has soared this year amid worries about the future of the retail business and concerns about Amazon’s ability to compete with online bookseller Flipkart.
It also recently announced a merger with Amazon Prime.
A digital book has a higher sales volume and more readers than a physical book.
Amazon said Monday the first digital copies will be in bookstores in 2017, followed by a few bookstores and bookshops.
The bookstores are expected to have their first books in 2019.
The company said it will pay publishers a royalty on digital sales, and the publishers will be compensated for every book they sell on Amazon.
Amazon has said it plans to buy the majority of the digital book business, though it declined to provide details.
In December, Amazon said it was buying a publishing house in South Korea for $400 million.
It has not revealed how much it paid.
The merger between Amazon and Penguin is expected to be announced in the next few weeks, according to the Wall Street Journal.