Posted inIndiaSouth AsiaWorld

As Amazon battles Flipkart in India, overseas losses mount

While the world’s largest online retailer Amazon is locked in a fierce battle against Flipkart to increase its footprint in India, its international losses swelled to over US$3 billion last year, up from $1.3 billion in 2016. International sales jumped to $54 billion in 2017, up from $43.9 billion the year before, Economic Times has reported. […]