India's antitrust regulator has opened an investigation into Amazon and Flipkart over allegations that the two retail giants are illegally undercutting local businesses, allegations the companies deny
The Competition Commission of India is investigating the two companies' e-commerce businesses in the country, it said Monday. The commission is looking into allegations by a New Delhi trade group that Amazon and Walmart-owned Flipkart gave preferential treatment to some sellers on their platforms. The trade group alleged that the two companies give big discounts and more prominent listings to those sellers, many of which they control or have a stake in.
India is a huge market for Amazon and Flipkart, with nearly 700 million internet users and an e-commerce market that Morgan Stanley projects will be worth around $200 billion by 2027. Both companies have invested billions of dollars into the South Asian country but have faced growing government barriers in recent months.
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