Amazon and Walmart Team Up to Fight New Indian E-Commerce Rules

The bitter rivals have come together in India to lobby the government on regulations that threaten to dampen their expansion ambitions. Among other things, the giant retailers are asking for an extension on a Feb. 1 deadline for implementing those rules, according to people with knowledge of the matter. The newly tightened regulations threaten to pinch Amazon and Walmart’s Flipkart in one of the world’s fastest growing online commerce arenas, where both have invested billions of dollars.

from Yahoo News - Latest News & Headlines https://yhoo.it/2QnmWrj