Amazon has said its international loss grew over fivefold from a year ago to $724 million in the quarter ending in June. "Fulfilment centers are extremely critical for the success of our Indian operations," said Amazon's India head Amit Agarwal, using company-speak for warehouses. "Bangalore-based Flipkart still has a lead in the Indian e-commerce market. But Amazon is also expanding at ripping speeds, and in the last year alone has roughly doubled size on several metrics. To tackle it, he said, Amazon has to be "not just a global company, but also local."

Source: Economic Times September 21, 2017 04:20 UTC