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16 Jan 9:15am

Amazon plans $1bn investment in India despite trader backlash

The Guardian
Jeff Bezos pledges funds to help digitise small businesses as anti-Amazon protests spread Amazon’s founder, Jeff Bezos, has pledged to invest $1bn (£776m) in small businesses in India, despite a growing backlash against the online retailer by the country’s powerful local traders. During a three-day visit to India, where Amazon has its sights set on dominating the burgeoning e-commerce market, Bezos laid out his ambitious plans for Amazon’s investment in India over the next five years, including helping to digitise millions of small businesses.
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