SAM PANTHAKY/AFP via Getty Images
Amazon CEO Jeff Bezos announced on Wednesday that the e-commerce giant will invest $1 billion to bring small business in India online.
Bezos made the announcement on a visit to India, where he was met with protests held by small-business owners from around the country.
Protesters said they are unable to compete with the steep discounts that Amazon offers with other suppliers.
They held signs saying “JEFF BEZOS GO BACK!” and one group’s leader said they will fight against “foreign economic terrorists.”
Visit Business Insider’s homepage for more stories.
When Amazon CEO Jeff Bezos announced on Wednesday that the e-commerce giant would invest $1 billion into the country to bring some of its small business online, he was met with protesters who said that Amazon will “destroy small retailers.”
The protesters said Amazon offers deep discounts that small- and medium-sized businesses in India just can’t compete with.See the rest of the story at Business Insider
Amazon plans to invest $1 billion in India, and CEO Jeff Bezos said a US-India alliance will be most important this centuryApple’s former retail chief says Amazon has a ‘tough’ decade ahead because rivals like Walmart and Target are growing fasterThousands of angry Indians are planning to mess up visit from Jeff Bezos by staging mass protests over Amazon’s disruption of retail
Read more: feedproxy.google.com