Amazon tycoon promises US$1 billion in bid to see off Indian e-commerce storm
Amazon Jeff Bezos CEO speaks at a company event in New Delhi, India, yesterday. The world’s richest man has announced a US$1 billion investment aimed at digitising small and medium businesses in India. – EPA pic, January 16, 2020.
AMAZON tycoon Jeff Bezos promised yesterday a new billion-dollar investment in India, just two days after authorities launched an anti-trust investigation into the e-commerce giant. A three-day visit by Bezos, whose worth has been estimated at more than US$110 billion , sparked protests in New Delhi and other cities by traders who accuse Amazon and its main US-owned rival Flipkart of killing off India’s army of street traders.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon's Bezos promises US$1 bil to counter Indian e-commerce stormHis visit has sparked protests in multiple Indian cities where protesters accuse Amazon of killing off street traders. FMTNews Amazon Bezos
Read more »
Goldman Sachs profits drop as it sets aside US$1 billion for 1MDB settlements | The Malaysian InsightBank CEO says talks with US, Malaysian authorities ‘progressing and remain active’.
Read more »
Amazon to create 600 new jobs in UK with Manchester corporate officeRetail giant follows the likes of BBC, Microsoft and Alphabet in moving out of nation's capital. FMTNews Amazon Manchester
Read more »
Amazon collaborates with Brad Pitt and Steve McQueenAmazon unveils collaborations with three major film industry figures for 2020. FMTNews BradPitt Amazon
Read more »
Amazon tycoon Bezos flies into Internet trading storm in IndiaNEW DELHI (AFP): Angry Indian street traders vowed Wednesday (Jan 15) to stage protests against the world's richest man Jeff Bezos as the Amazon tycoon started a visit just as authorities launched an anti-trust investigation into e-commerce giants.
Read more »
Amazon tycoon Bezos flies into internet trading storm in India | The Malaysian InsightIndian street traders vow to stage protests against the world's richest man.
Read more »