Bigger India
Amazon Cuts India Deal To Return Products To Website
The deal allowed Amazon to recover a big chunk of item listings frozen since Feb. 1, when newly introduced e-commerce regulations threw Amazon’s and Walmart Inc.’s plans for the world’s fastest-growing online retail arena into disarray.
Amazon.com Inc. resurrected thousands of suspended product listings in India by selling much of its stake in top local venture partner Cloudtail, a hastily arranged deal intended to comply with stringent new e-commerce regulations that upended the market.