America’s internet giants are being outplayed in the global south
From e-commerce to online banking, regional competitors are innovating rapidly
It is unusual for Amazon, the world’s biggest e-emporium, to be playing catch-up in its own industry. Yet that is exactly what it is doing in India, where last month it began piloting a quick-commerce service in the city of Bangalore, delivering a wide variety of goods in minutes. It is years behind local stars such as Swiggy, Zepto and Zomato, which already offer such a service.
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This article appeared in the Business section of the print edition under the headline “Southern oscillation”
Business January 11th 2025
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