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Amazon ups it stake another US$3 billion in India

Amazon will invest another US$3bn in India, boosting its committed investment in the country to over US$5bn and placing additional pressure on local rivals Flipkart and Snapdeal to keep raising fresh funds.

U.S. SEC investigates Alibaba’s accounting methods

U.S.-listed Chinese e-commerce giant Alibaba disclosed Wednesday that it is being investigated by the U.S. Securities and Exchange Commission (SEC) over its accounting practices and whether there have been any violations of the U.S. securities laws.

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