Amazon is staring at an embarrassing defeat after fighting a drawn-out legal battle to block India’s most valuable firm, Reliance Industries , from buying the country’s number two retailer.
The episode won’t compel the e-commerce giant to back away from the country’s nearly $1 trillion retail market. It’s increasingly clear, however, that Amazon has its work cut out for it as it seeks to expand further in the world’s second-most-populous country.
Source: finance.yahoo.com
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