Shining Bangladesh Monday | 25 October 2021

Headline

World Bank ups Bangladesh`s GDP forecast to 6.4% Khelafat Majlish leaves BNP-led 20-party alliance Bangladesh to vaccinate 8 million on PM Hasina`s birthday PM Hasina places six proposals to fight Covid in UNGA Want actions, not words: PM Hasina on Rohingya crisis Declare Covid vaccines as global public good: PM Sheikh Hasina PM Hasina seeks US investment in ICT, renewable energy India sees record economic growth during Covid surge

Amazon, top Indian seller Cloudtail end relationship

International desk || shiningbd

Published: 19:29, 10 August 2021  
Amazon, top Indian seller Cloudtail end relationship

Amazon.com Inc and one of its biggest sellers in India, Cloudtail, have decided to end their relationship, they said on Monday, following years of allegations from brick-and-mortar retailers that the seller received preferential treatment.

A joint venture between Amazon and India's Catamaran that controlled Cloudtail was coming up for renewal on May 19, 2022, and the two sides said in a joint statement they had mutually decided not to extend it beyond that date.

The decision comes after a Reuters investigation in February based on Amazon documents showed the US company had given preferential treatment for years to a small group of sellers, including Cloudtail, and used them to bypass Indian laws.

Amazon has said it does not give preferential treatment to any seller and that it complies with the law.

In their joint statement, Amazon and Catamaran did not say why they had decided to end their joint venture, but said the partnership ran successfully for seven years and made "tremendous strides."

Cloudtail had been controversial, with Indian brick-and-mortar retailers for years accusing Amazon of giving it preferential treatment which hurt smaller retailers.

 

Shiningbd/Mb


Notice: Undefined variable: sPopper in /mnt/volume_sgp1_04/shin25g67b8d/public_html/details.php on line 650