Amazon.com chief executive Jeff Bezos got a bitter reception during his India visit this week after the country’s antitrust regulator initiated a formal investigation hours before his arrival and infuriated small store owners demonstrated in the streets.
Bezos is in New Delhi for the Smbhav summit, an Amazon India gathering for small and medium-sized businesses, where he announced Amazon will invest a fresh US$1 billion to help bring such companies online. He also committed the e-commerce giant to exporting a total of US$10 billion of made-in-India goods by 2025.