Under fire in India, Amazon offers small business owners $1 billion olive branch | Reuters


Amazon.com Inc CEO Jeff Bezos said his company will invest $1 billion to bring small businesses online in India, reaching out to some of his fiercest critics in a goodwill visit that saw him donning traditional Indian attire and fly a kite with children.

Amazon and Walmart’s Flipkart have been hit with a barrage of criticism from India’s brick-and-mortar retailers who accuse the U.S. giants of violating Indian law with deep discounts and discriminating against small sellers by promoting select big ones. The companies deny the allegations.

Just this week, the Competition Commission of India (CCI) launched an anti-trust probe to look into those allegations.

Source: Under fire in India, Amazon offers small business owners $1 billion olive branch – Reuters

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