Amazon Prime may launch in India later this year

Amazon is looking to significantly increase its presence in India. Citing “two people directly familiar with the company’s decision,” ET Tech reports that Amazon will bring its Prime service to India later this year. In addition to launching its subscription-based video and music service, Amazon is apparently readying a $5 billion war chest to take on rival e-commerce stores Flipkart, Snapdeal and PayTM.

Source: iMore

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