Amazon offers to share data, boost rivals to dodge EU fines: Report

0
13
Amazon offers to share data, boost rivals to dodge EU fines: Report

Amazon has offered to share marketplace data with sellers and boost the visibility of rival products on its platform, trying to persuade EU antitrust regulators to close their investigations without a fine by the end of the year, people familiar with the matter said.

The world’s largest online retailer is hoping its concessions will stave off a potential European Union fine that could be as much as 10% of its global turnover, Reuters reported last year.

The European Commission in 2020 charged Amazon with using its size, power and data to push its own products and gain an unfair advantage over rival merchants that sell on its online platform.

It also launched an investigation into Amazon’s possible preferential treatment of its own retail offers and those of marketplace sellers that use its logistics and delivery services.

Amazon’s process for choosing which retailer appears in the “buy box” on its website and which generates the bulk of its sales also came under the spotlight.

Amazon has now proposed to allow sellers access to some marketplace data while its commercial arm will not be able to use seller data collected by its retail unit, the people said.

The company will also create a second buy box for rival products in the event an Amazon product appears in the first buy box, the people said.

The EU competition enforcer is expected to seek feedback from rivals and users in the coming weeks, which could lead to tweaks in the proposal and a final decision by the end of the year, the people said.

The Commission and Amazon declined to comment. The company had previously said it disagreed with the watchdog’s assertions and that it represents less than 1% of the global retail market.

(Reporting by Foo Yun Chee, Editing by Emdund Blair and Mark Potter)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,



Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here