India and China curbs Amazon and Walmart

Both India and China,two of the largest emerging economies in the world have both put the brakes on Amazon and Wal-Mart.

After spending 5 billion entering the India market they found out that it is a country that is comprised of small and medium businesses that did not take to kindly to them entering.

Same with China,I guess it is not a good idea to try and sell them their cheap junk back.



Arvind Singhal, a consultant with Technopak Advisors Pvt, told Bloombergon Thursday he estimates that Amazon’s “revenue growth could fall to 15 percent in coming months from 25 to 30 percent previously.” Amazon’s main rival in the country, the Walmart-owned Flipkart, will also be impacted.

https://www.recode.net/2019/2/1/1820...-online-retail