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Online retailer Amazon.com Inc plans to sell packaged food and beverages in India from mid-October, the Economic Times reported, citing a person familiar with the matter.
Retail giant Amazon is preparing to take its grocery delivery service east to New York, according to reports.
Oliver Samwer and his brothers Marc and Alexander are on the brink of becoming Germany's newest billionaires with the flotations of Rocket Internet and the European online fashion site Zalando it helped launch in 2008.
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.
Big retailers are taking a calculated hit to margins to invest in online grocery operations, in the hope they can persuade consumers to add more profitable items like clothes and computers to their orders of fruit and vegetables.
Football fans who have splashed out on top-of-the-range ultra-high definition (UHD) TVs in time for the FIFA World Cup next month may not get to watch any matches in the new format.