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Brief: Amazon pumps $260m into India to fight off Chinese rivals


Jeff Bezos, CEO and founder of Amazon. Photo credit: Steve Jurvetson.

The news:

  • Amazon pumped US$260 million into its India unit last month, according to a regulatory filing. This is part of the US$5 billion investment that Amazon boss Jeff Bezos committed to its Indian arm.

  • Amazon India has so far received nearly half of that commitment: US$2.3 billion. It has been investing in warehouses, logistics, and broadening its product range.

Why it matters:

See: Pros and cons for Alibaba in battle with Amazon on neutral ground in India

Source: Mint.

This post Brief: Amazon pumps $260m into India to fight off Chinese rivals appeared first on Tech in Asia.



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