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July 31, 2014

Amazon investing $2B on expansion in India

By KAY JOHNSON
AP Business Writer

MUMBAI, India — The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees.

Amazon.com Inc. said Wednesday it will invest $2 billion to expand its Indian business, a day after local rival Flipkart raised $1 billion to fund its own expansion.


 
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