Amazon and Flipkart, leading players in an e-retail market India forecasts will be worth US$200bil (RM845.70bil) by 2026
NEW DELHI: Amazon.com Inc and Walmart’s Flipkart must face antitrust investigations ordered against them in India, the country’s Supreme Court ruled, in a blow to the leading e-commerce giants which had urged judges to quash the inquiries.
The Competition Commission of India (CCI) ordered the investigation against the companies last year for allegedly promoting select sellers on their e-commerce platforms and using business practices that stifle competition.
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