Bigger India
Even as global losses widen, how India remains a ‘good story’ for Amazon
Amazon has pumped in billions of dollars into its Indian operations, where it is locked in an intense battle with local rival Flipkart
Amazon on Friday said India continues to be a “good story” for the US e-tailing giant, even as its losses from its international operations widened to $919 million for the December 2017 quarter.
The operating loss in Amazon’s international business was at $487 million during the year-ago period.
However, net sales in the segment grew to $18.03 billion in the fourth quarter, from $13.96 billion a year ago.