The Competition Commission of India (CCI) on Thursday morning raided the locations of major sellers selling products on the e-commerce platform of Amazon and Walmart's Flipkart. The raids took place at two sellers of Amazon and Walmart's Flipkart in Delhi and Bangalore.
It is alleged that both the companies favored these sellers by providing unethical facilities on their online platforms, which enabled them to sell more products than other sellers. Considering these allegations against the free competition of the market, the Commission has been investigating since January 2020.
There were several allegations against Amazon and Flipkart by Indian retailers. According to them, large sellers get special preferences, similar products are sold at a lower price, and e-commerce companies also help them with data related to the buying habits of customers stored on their websites.
Amazon's business share with sellers also
Amazon sellers Cloudtail and Aparicio have been raided. Amazon has an indirect stake in both businesses. However, the company has not yet issued an official statement. Last time he said that Amazon treats all sellers equally, and does not give preference to anyone.
Why the suspicion of fraud increased
4,00,000 sellers were selling their goods on Amazon in 2019
35 sellers were doing two-thirds of the sales, even in two-thirds, 35 percent of sales were from Cloudtail and Aparicio alone
To protect its image last year, Amazon said that Cloudtail would no longer be a seller after May 2022.
Revealed so far...
Amazon's internal documents show that certain sellers have been preferred over the online platform over the years. Cloudtail includes these. For this, the laws of India were broken. Sellers got exemption in e-commerce fees, Amazon also helped in getting special deals to sell products of big tech companies exclusively.
CCI's activism important
A former CCI official said that the agency does not take such action unless the case is related to a big cartel. The latest action is significant as these companies are linked to Amazon. Through this, the CCI is understanding the complex business process about which the allegations were made. This is also a completely new area for the Commission.
A parliamentary committee will send summons to social media and tech companies
The Parliamentary Committee on Finance will be sent a summons to the world's leading tech, social media, and e-commerce companies. Through this, their competition policies will be investigated and questioned. These companies include Apple, Google's proprietary company Alphabet, Facebook's proprietary company Meta, Amazon, Walmart's Flipkart, and Microsoft. It is believed that this step was taken because of the deal being done by Elon Musk to buy Twitter.
Amazon threatens in Australia, refuses to share product discovery system
Amazon took a jibe in Australia, saying it would not reveal how the search for a product on its platform works. It has categorically refused to give data on product search algorithms to the Competition and Consumer Commission here. This disclosure was made by the ACCC itself in its report on Thursday.
Facebook-Google-like dispute likely to arise
By not giving information to the commission, Amazon can bring back the situation in 2021 like the dispute between Facebook and Google with the government of Australia. Both these companies threatened to shut down their services in Australia because the government had asked the newspapers to pay royalties on the earnings of tech companies from the newspaper content.
Also Read: Indian oil companies can buy stake in Russian company, government has ordered
Ruckus in Delhi ahead of MCD polls: BJP-AAP protest at Ghazipur landfill site, Kejriwal raises slogans of 'Go Back
Delhi CM Arvind Kejriwal is about to reach the Ghazipur landfill today, but before that, a loud ruckus has started here. Ahead of the MCD elections in the capital, BJP and Aam Aadmi Party (AAP)
SIIMA 2024: After winning the award, Aishwarya said- It means a lot, my guru directed the film
Aishwarya Rai won the Best Actress (Critics) award in the lead role at the South Indian International Movie Awards (SIIMA 2024). She was given this award for Ponniyin Selvan 2. In this film, she
CUET 2022: The first choice of DU students, know if two students get equal marks then who will get admission to DU
The system Common University Entrance Test (CUET) has been implemented this year for admission to graduation courses of central universities and the conduct of this examination has already started.
King Shahrukh Khan wants to take his last breath at this place, you will start clapping after knowing the reason.
Shahrukh Khan has been ruling Bollywood for many years. In all these years, he has done so many great films that people are crazy about him not only in the country but also abroad. Shahrukh Khan has
Anmol Bishnoi: Anmol was running a terrorist syndicate in America, and Moosewala's murder and Lawrence had made this plan.
The National Investigation Agency (NIA) has secured the remand of gangster Anmol Bishnoi, who was extradited from the US to India. The Punjab Police has now begun preparations to bring him in on a
Independence Day 2022: Preparations for a tough attack on familyism and corruption
From the ramparts of the Red Fort, whoever the Prime Minister, he tries to give an inclusive message to the country. Along with this, he also gives a glimpse of the upcoming policies and programs of
The second day of the G20 summit: PM Modi met French President Macron, also visited Bali's mangrove forest
On the second day of the G20 Summit, Prime Minister Modi met French President Emmanuel Macron. During this both, the leaders shook hands and hugged each other. Bilateral talks are taking place between
India VS South Africa 3rd T20: After 7 years, Team India is in danger of losing the series at home, know the possible playing XI of both the teams
The third match of the 5-match T20 series being played between India and South Africa will be played in Visakhapatnam from 7 pm today. Team India has suffered a crushing defeat in the first two
Tiger vs Pathaan: The script of 'Tiger vs Pathan' has been approved, Siddharth Anand's film will go on floors next year.
Bollywood superstar Shahrukh Khan is enjoying the success of his latest release film Jawan these days. This film, directed by Atlee, is breaking records at the box office. Cinema lovers are very fond
The situation of hot seats in Telangana: From former cricketer to former pilot, the reputation of the KCR family is also at stake.
Voting is taking place today for the 119-member Telangana Assembly. More than three crore voters will decide the fate of 2,290 candidates contesting the elections. Although all the seats are special
