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New e-commerce norms: Faced downtime but bounced back, says Amazon CFO

Besides Walmart, Amazon is set to face competition from the yet to be launched e-commerce business of Reliance Industries

New e-commerce norms: Faced downtime but bounced back, says Amazon CFO
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Amazon CFO

Peerzada Abrar Bengaluru
Seattle-based online retail major Amazon on Friday said it had to face downtime in India owing to recent changes in the country’s e-commerce regulations. While pointing out that it has bounced back since then, Brian T Olsavsky (pictured), senior vice president and chief financial officer of Amazon, said during an earnings call that the company had to make structural changes to  comply with all the new regulations in India. 

“There were a few days of downtime for some of our selection (in India). But for the full quarter, the impact was minimal and we're in compliance and we're very happy

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First Published: Apr 27 2019 | 1:33 AM IST

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