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August 15, 2014

The race is on to bring e-commerce to India

  • There's big potential for online partly because of India's restrictions on big box stores that keep out Wal-Mart and Ikea.
    • By KAY JOHNSON
    AP Business Writer

    MUMBA — Finding a way into India's vast but vexing market has long frustrated foreign retailers. Now, overseas investors are pouring billions of dollars into e-commerce ventures that are circumventing the barriers holding back retail powers such as Wal-Mart and Ikea.

    Some investors see India as the world's next big e-commerce opportunity, with the upcoming mammoth public stock offering of Chinese online giant Alibaba hinting at the potential.


     
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