In the 2020 annual review of “notorious markets for counterfeiting,” the US administration cited Amazon’s European portals alongside Chinese and other foreign marketplaces said to be teeming with fake products.
E-commerce and online groceries faced disruption to their warehouse and delivery operations in India on Monday as dozens of cities including New Delhi went into a lockdown to tackle the spread of coronavirus.
India's Flipkart has secured nearly $2.5 billion in funding from Japan's SoftBank Group, giving the online retailer more firepower to compete with Amazon in the country's burgeoning e-commerce market.
A tech fund backed by Japan's SoftBank Group has picked up one of the biggest stakes in India's leading homegrown online retailer Flipkart, the Bengaluru headquartered firm said in a statement on Thursday.
Indian online marketplace Snapdeal has accepted Flipkart's revised takeover offer of up to $950 million, two sources said on Wednesday, providing heft to its bigger rival in a high-stakes battle with Amazon.com Inc.
Indian online retailer Snapdeal has filed a police complaint against a local logistics company, in which it owns a stake, of defrauding it of 3.57 billion rupees ($55.37 million), a police report showed.