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Amazon India Said to Change Business Structure to Bring Seller Cloudtail Back

Amazon India Said to Change Business Structure to Bring Seller Cloudtail Back

Submitted by • October 7, 2020 gadgets.ndtv.com

One of the biggest sellers on Amazon.com's India website has returned after the online retail giant changed its business structures to comply with new federal e-commerce curbs that took effect last week, two sources told Reuters.

India's modified foreign direct investment rules that kicked in on February 1, prevent companies such as Amazon from selling products from vendors where they, or their group companies, have equity holdings.

Amazon was forced to remove hundreds of thousands of items sold by top vendors Cloudtail and Appario as it indirectly held 49 percent equity stakes in both firms.

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