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Tough Times Ahead for Amazon as India's Richest Man Sets Sight on E-Commerce Supremacy

The world's richest man -- Jeff Bezos -- is locked in an intense battle with India's richest man -- Mukesh Ambani -- over the country's bustling e-commerce market. While Bezos' Amazon (NASDAQ: AMZN) has cornered a substantial share of India's e-commerce space since its entry in 2013, Ambani's new online platform, JioMart, is scaling up at a tremendous pace. Read More...

Tough Times Ahead for Amazon as India’s Richest Man Sets Sight on E-Commerce Supremacy

The world’s richest man — Jeff Bezos — is locked in an intense battle with India’s richest man — Mukesh Ambani — over the country’s bustling e-commerce market. While Bezos’ Amazon (NASDAQ: AMZN) has cornered a substantial share of India’s e-commerce space since its entry in 2013, Ambani’s new online platform, JioMart, is scaling up at a tremendous pace.

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