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3 charts on why Amazon is pouring money into India

almost 3 years ago | From recode.net | Author: Michael Gold Reuters

What's cooler than a billion dollars?
On the heels of a rival's billion dollar investment, Amazon said it would pump another $2 billion into its own burgeoning Indian online storefront, the company announced today.
"At current scale and growth rates, India is on track to be our fastest country ever to a billion dollars in gross sales," CEO Jeff Bezos said in the statement.
The timing of the announcement comes a day after the most popular Indian e-commerce site, Flipkart, confirmed a $1 billio...

       

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