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India Journalism Tech

Amazon’s Bezos Pledges New $1 Billion India Investment Amid Pushback

That’s the headline on my newest story, with my colleague Krishna Pokharel, out Wednesday. It begins:

NEW DELHI— Amazon.com Inc. Chief Executive Jeff Bezos pledged to invest an additional $1 billion in the company’s Indian operations, part of a charm offensive in a promising but challenging market.

Mr. Bezos told a gathering of local Amazon sellers that the intent is to help more small businesses start selling on the company’s marketplace. The new funds will supplement the $5 billion that Amazon has said it is spending to build out its Indian business, a spokeswoman said.

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India Journalism Tech

India Orders WhatsApp, Google to Save Data on Mob Attack

That’s the headline on my newest story, with my colleague Krishna Pokharel, out Tuesday. It begins:

NEW DELHI — An Indian court ordered Facebook Inc.’s WhatsApp and Alphabet Inc.’s Google to preserve data connected to an attack on a university campus earlier this month in the latest attempt by authorities in the country to wrangle more control over the messaging and search giants.

According to an attorney involved in the case, the Delhi High Court said Tuesday that the companies, local police and university authorities must try to save messages, photos and videos connected to the Jan. 5 attack, when several dozen people stormed the campus of New Delhi’s Jawaharlal Nehru University, injuring 32 students and two faculty members.

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India Journalism Tech

India Orders Antitrust Probe of Amazon and Walmart’s Flipkart

That’s the headline on my newest story, out Monday. It begins:

NEW DELHI–India’s antitrust watchdog ordered a probe into whether Amazon.com Inc. and Walmart Inc.’s Flipkart have violated competition laws, New Delhi’s latest move to try to rein in American tech giants that dominate its burgeoning internet economy.

The investigation launched by the Competition Commission of India Monday said it would focus on allegations that the U.S. titans promote “preferred sellers” of goods on their platforms, which may have hurt smaller rivals.

“It has been alleged that most of these preferred sellers are affiliated with or controlled by Flipkart or Amazon, either directly or indirectly,” the order said.

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India Journalism Tech

Me on ‘The Journal’ Podcast Talking U.S. Tech Giants and India

Quick heads up: I was on the latest edition of The WSJ‘s “The Journal” podcast talking about my recent story on U.S. tech giants facing pushback here in India.

I was happy to join in as I’ve long admired the show, and this was my first appearance.

You can listen online here or in your favorite podcast app. Just search for “The Journal.” The episode was out yesterday, December 10, and is called “India Rewrites the Rules for Big Tech.”

Categories
India Journalism Tech

Silicon Valley-Backed App Lenders Use Phone Data to Hassle Borrowers

2019 12 03 wsj front page

That’s the headline on my most recent story, with my colleague Justin Scheck.

It was on the front page of Friday’s WSJ.

It begins:

NEW DELHI–Silicon Valley venture capital is funding a wave of fintech startups in India that use data from borrowers’ cellphones to collect on debts in ways that are illegal in both India and the U.S.

The startups are providing much-needed credit in India, where consumer lending has been limited by a lack of credit scores and by banks that are reluctant to make personal loans. While the newcomers’ tactics are illegal, they are ignored by Indian regulators who want to encourage lending, according to analysts and company insiders. The startups also use personal data to make lending decisions.

It is the latest example of Silicon Valley pushing legal and ethical boundaries in a global race for customers and profit. Lured by the promise of massive populations of people who are just beginning to transact online, tech companies are moving into banking in emerging markets, where cultural norms are complex, regulations are often weak, and many consumers lack credit histories or even official identification.

2019 12 03Silicon Valley Backed Fintech Apps Use Phone Data to Harass Borrowers

I also discussed the story on our What’s News podcast. You can listen on Spotify here or search your favorite podcast app for WSJ What’s News.