New e-commerce policy in India: Amazon and Flipkart to bleed more

Amazon India and Flipkart are likely to see higher losses due to the fall in sales and increased compliance costs in the aftermath of the updated FDI policy for online marketplaces, according to analyst reports from Morgan Stanley. While the losses for Amazon may double in three years, Walmart could see an incremental loss of $280 million from Flipkart — where the US retail giant acquired 77% last year — by year-end on top of the projected $1.5 billion.

from Times of India http://bit.ly/2DWDoM4
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Categories: Times of India