India: Amazon invests US$404M into India business

India: Amazon invests US$404M into India business

Amazon has started pumping money into its India business despite regulatory rules that mandate how companies can source goods for marketplaces, according to a news story. Amazon put 29,990,000,000 rupees (US$404 million) into its India business, which follows an infusion of US$315 million half a year ago. The move illustrates the importance of India to […]

US: Amazon considers buying Boost from T-Mobile & Sprint

US: Amazon considers buying Boost from T-Mobile & Sprint

According to an exclusive report by Reuters, multiple sources close to the negotiations have confirmed that Amazon is currently interested in purchasing Boost Mobile from T-Mobile and Sprint. One source confirms if the deal goes through, Amazon would gain access to T-Mobile’s new wireless network for a minimum of six years. T-Mobile and Sprint have […]

India: Amazon, Walmart’s Flipkart unlikely to respond to key queries in India antitrust study

India: Amazon, Walmart’s Flipkart unlikely to respond to key queries in India antitrust study

Amazon.com and Walmart Inc’s Flipkart are unlikely to fully participate in an Indian antitrust body’s study of the e-commerce sector for fear of revealing trade secrets, two people with direct knowledge of the matter said. The Competition Commission of India (CCI) is engaged in what it describes as a “fact-finding exercise” aimed at better understanding […]

US: Buffett’s Berkshire buys $860m of Amazon shares

US: Buffett’s Berkshire buys $860m of Amazon shares

Warren Buffett’s Berkshire Hathaway revealed in a regulatory filing that it owned US$860.6 million of Amazon shares at the end of March. The filing includes investments by Buffett and his portfolio managers Todd Combs and Ted Weschler. While it doesn’t reveal who bought and sold which shares, Buffett admitted earlier this month that the Amazon […]

India: Bigbasket raises US$150M as it takes on Amazon, Flipkart

India: Bigbasket raises US$150M as it takes on Amazon, Flipkart

Bigbasket, the Indian online grocery store operator, raised $150 million in a fresh round of venture funding, valuing the company at more than $1 billion. Chinese eCommerce giant Alibaba and South Korean investment firm Mirae-Naver led the round of funding, according to a report by Reuters, citing the company. CDC, the U.K.’s development finance institution, […]

Italy: Regulator launches probe into five Amazon companies

Italy: Regulator launches probe into five Amazon companies

Italy’s competition authority announced on Tuesday, April 16, it will begin a preliminary investigation into whether Amazon abused its dominance in e-Commerce and logistics services, reported Reuters. The competition watchdog claimed Amazon offered certain benefits to third-party sellers only if they signed up to logistical services offered by the US online retail giant. “We are […]

US: Bezos says “Third-party sellers are kicking our first party butt”

US: Bezos says “Third-party sellers are kicking our first party butt”

Jeff Bezos knows there are powerful Washington politicians who consider his digital commerce platform a monopoly and so wants them to know that Amazon is getting trounced by third-party sellers on its platform, reported GeekWire. According to the Washington Post, that is the takeaway from the Amazon CEO and founder’s new letter to shareholders, released […]

EU: Vestager says full Amazon probe in the upcoming months

EU: Vestager says full Amazon probe in the upcoming months

According to a report by CNBC, the EU aims to announce whether Amazon’s data practices will be investigated further in the coming months, the institution’s competition chief said. In September, Margrethe Vestager, the head of competition policy in Europe, opened a preliminary probe into Amazon’s use of data on its third-party merchants. The idea was […]

EU: Study finds that algorithms could collude on prices

EU: Study finds that algorithms could collude on prices

If you shop online, there’s a good chance the price you pay for stuff is determined by a computer algorithm, reported the Wall Street Journal. As of 2015, over one third of the 1,600 best-selling items sold on Amazon came from sellers who used algorithms to set their price. Emilio Calvano, an economist at the […]

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