Amazon to Invest Extra $2 Billion in India as E-Commerce Race Heats Up

Amazon shipping warehouse | Source: Reuters

Amazon.com Inc. on Wednesday said it will invest a further $2 billion in India just a day after the country’s largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent but fast-growing e-commerce sector.

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E-tailers Growth Ensnared in India’s Logistics Jungle

EBay headquarters | Source: Reuters

MUMBAI, India — Online retailers jostling for a chunk of India's $13 billion e-commerce trade are so desperate to avoid snarled roads and inefficient railways that they fly their packages in the passenger cabin of costly commercial flights. The cargo, however, often gets bumped off.

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India Likely to Announce Foreign Investment in E-Commerce Next Month

Source: Reuters

NEW DELHI, India — Prime Minister Narendra Modi's government could allow foreign direct investment in India's e-commerce sector as early as next month, paving the way for global online retailers such as Amazon to expand their business, four people with knowledge of the matter told Reuters.

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EBay Forecasts Sales That May Miss Estimates Amid Amazon Rivalry

Ebay offices | Source: David Paul Morris/Bloomberg

SAN JOSE, United States — The world’s biggest online marketplace said sales in the current period will be $4.33 billion to $4.43 billion. Profit before certain items will be 67 cents to 69 cents a share. Analysts on average projected revenue of $4.4 billion and profit of 70 cents, according to data compiled by Bloomberg.

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Amazon Introduces Dash Device for Adding to Online Shopping List

Amazon Dash Wand | Source: Amazon

SAN FRANCISCO, United States — Amazon.com Inc. unveiled a new device that customers can use to add items to a shopping list by scanning barcodes or speaking the name of the product, in the e- commerce company’s latest push into consumer hardware.

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Alibaba Posts Profit on E-Commerce Demand Ahead of Potential IPO

Alibaba Headquarters | Source: Reuters

Jan. 28 (Bloomberg) -- Alibaba Group Holding Ltd., China’s online marketplace for products from Louis Vuitton bags to Boston lobsters, swung to a quarterly profit ahead of a potential initial public offering.

Net income attributable to ordinary shareholders was $792 million in the three months ended September, up from a loss of $246 million a year earlier, according to a presentation from Yahoo! Inc., which owns a

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