Amazon Seems to Be Taming the Competition in This Market
Amazon (NASDAQ: AMZN) has been fighting a war on two fronts in India this year as the threat posed by Walmart (NYSE: WMT) has been compounded by Reliance Retail's foray into the country's e-commerce space with JioMart.
But it looks like the e-commerce giant has been able to hold its own amid the growing threat of its rivals. A recent survey commissioned by Bank of America and conducted by SurveyMonkey in India suggests that neither JioMart nor Walmart-owned Flipkart has been able to dent Amazon's prospects in India so far. And according to the 1,000 survey respondents, Amazon has been able to keep Indian customers engaged despite having other online options.
Image source: Getty Images.
Source Fool.com
