Amazon allegedly copied products and manipulated search results to benefit its own products in India

Amazon's Indian division allegedly leveraged data to copy products and manipulated search results to benefit its own products, Reuters reported, which is against Amazon's policies.

Highlights

Surprising fact

The Indian e-commerce market is expected to grow at a compound annual growth rate of around 18% and be worth $120.1 billion (€103.4 billion) in 2025, according to data from GlobalData. Gene Munster, managing partner and co-founder of venture capital firm Loup Ventures, told Asia Squawk Box (CNBC) last year that he expected India to account for up to 20% of Amazon's growth. over the next five years.

Key context

In 2020, The Wall Street Journal reported that Amazon allegedly used third-party data to create its own products to compete with top-selling items. Amazon had 111 private labels, offering 22,617 products at the start of 2020, according to Dataweave. Half of Amazon's private products were clothing, shoes and accessories. Amazon has repeatedly stated that it does not use internal data or alter search results in favor of its own items. Former Amazon CEO Jeff Bezos reiterated this position during his testimony before Congress in July 2020. A month before Bezos' testimony, Amazon had created an Anti-Counterfeiting Unit to bring to justice counterfeiters who attempt to list counterfeit products in its store,” according to its statement. Amazon is under antitrust investigation in the United States, Europe and India for alleged anti-competitive practices.

Article translated from Forbes US – Author: Lisa Kim

<<< To read also: Yes, a Google or a French Amazon are possible! >>>