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E-commerce giants are trying to export their success
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Home and away
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Going global
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standard article
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The new bazaar
Fly Title:
Home and away
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20171028_SRP012_0.jpg
IN SEPTEMBER 2014 Jeff Bezos announced his first big investment in India, hopping aboard a colourful bus in Bangalore. It was the start of a rapid bn investment in India, part of Mr Bezos’s plans to take Amazon global. Two months later Alibaba’s Jack Ma appeared in Delhi. “We will invest more in India,” he declared. The following year Alibaba put 0m into Paytm, an Indian digital-payments company. This year it led a fundraising round for Paytm’s e-commerce arm. The two giants seem set for an epic clash in India.
But in their home markets they have so far stayed out of each other’s way. Amazon has …
Source: Retailing
Home and away: Alibaba and Amazon look to go global