MUMBAI: Amazon.com Inc on Wednesday said it will invest a further US$2bil (RM6.36bil) in India just a day after the country's largest e-tailer Flipkart attracted US$1bil (RM3.18bil) of fresh funds, raising the stakes in a nascent but fast-growing e-commerce sector.
Amazon, which opened its Indian website in June last year, has drawn up the battle lines by slashing prices, launching same-day delivery, adding new product categories and embarking on a high-voltage advertisement campaign.
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