2 weeks Ago By James Paul
Seems like Amazon and Flipkart in soup. Per a Reuters’ report, the Competition Commission of India (CCI) has flagged Amazon and Flipkart for violating regulations and accusing smartphone giants Samsung and Xiaomi of colluding with the e-commerce giants. Exclusive: India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart https://t.
co/bZTBaxd2RJ pic.twitter.com/41MBIdAtEa — Reuters Tech News (@ReutersTech) September 15, 2024 Per the investigation by the CCI, Amazon and Flipkart have been found to be breaching the local competition law by giving preferences to select few sellers, prioritizing certain listings, and giving steep discounts on select products, that have hurt the businesses of other companies.
In its 1,207 report on Amazon, the Indian regulatory body ruled that five companies, including, Samsung, Xiaomi, Motorola, Realme, and OnePlus, were involved in exclusive phone launches in collusion with the Jeff Bezos company and its affiliates. Meanwhile, in a similar 1,696 page report on Flipkart, the CCI, accused the Walmart company hands-in-glove with Samsung, Xiaomi, Motorola, Vivo, Lenovo and Realme. The CCI report alleged that exclusive phone launches has affected ordinary sellers and the brick-and-mortar retailers who receive the stock much later than online availability.
The investigation also found that both Amazon and Flipkart used their videsi investments to enable subsidized rates for services including warehousing and marketing, benefiting select sellers. The ongoing investigation on Amazon and Flipkart by CCI was sparked by a complaint filed by the Confederation of All India Traders (CAIT) in 2020 . Reuters Factbox on antitrust violations by Amazon, Flipkart https://t.
co/mADyowxsvi 1⃣Preferred Sellers (Amazon 6, Flipkart 33) 2⃣Preferential Listings 3⃣ Deep Discounts 4⃣ Exclusive Launches + Firms used foreign investments to subsidize rates for a few sellers— Aditya Kalra (@adityakalra) September 14, 2024 #Samsung , #Xiaomi and other #Smartphone companies colluded with #Amazon and #Walmart 's #Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, reports. Read here: https://t.co/2JxedfA8j8 pic.
twitter.com/6uy1ZSTcsM — Mint (@livemint) September 15, 2024 Remarking on CCI findings, additional director general G.V.
Siva Prasad stated that “Exclusivity in business is anathema.” Meanwhile, the final order on the fate of Amazon and Flipkart will likely be in November 2024. #LeadStoryOnET | #India accuses #Samsung , #Xiaomi of colluding with #Amazon , #Flipkart https://t.
co/mSdWeYW6gh — Economic Times (@EconomicTimes) September 14, 2024 A lawmaker of India's BJP, @praveendel Praveen Khandelwal, and a key retailer group urged the government to suspend the operations of Amazon & Walmart's Flipkart in light of antitrust investigation that found they gave preference to select sellers https://t.co/bg5ekbUifw — Aditya Kalra (@adityakalra) September 13, 2024 #Final #CCI order on #Amazon & #Flipkart likely by November https://t.co/wHwiE1cRMJ — Economic Times (@EconomicTimes) September 14, 2024 See Also : Shark Anupam Mittal Reacts To Minister Piyush Goyal’s Dig At Amazon’s Business In India: ‘When Taking Action?’ See Also : Anupam Mittal Slams Google For Hurting Indian Startups And Economy With Its Monopoly See Also : Mukesh Ambani’s Reliance May Merge Disney+ Hotstar With JioCinema To Make Single OTT; Internet Cries ‘Monopoly’ See Also : Government Fines Google Rs 1,337.
76 Crore For Abusing ‘Dominant Position’; The Internet Is Confused AF See Also : IT Minister’s Make In India iPhone 16 Claim Triggers The Desi Internet: ‘Forced To Pay 40% Higher Price In India’ Cover : Illustrative.
