The story begins: MUMBAI—A Morgan Stanley investment fund has reduced the valuation of its holding in Flipkart Internet Pvt. by 38%, as India’s leading e-commerce firm faces increased competition from U.S. rival Amazon.com Inc. and others. In a U.S. regulatory filing this week, the Morgan Stanley Select Dimensions Investment Series fund said for the quarter […]
Embedded above and on The WSJ Facebook page here: A colleague and I earlier today discussed my recent story about Amazon’s rapid rise here in India.
The story begins: NEW DELHI– Amazon.com Inc. founder Jeff Bezos, perturbed by his company’s failure to capture much of the massive Chinese market, had a pointed message for executives in India during a visit in 2014: Don’t let that happen here. Do what it takes to succeed and don’t worry about the cost, Mr. Bezos […]