Zenith

  • Latest News

    Thursday, September 20, 2018

    Amazon's Use of Merchant Data Under EU Microscope

    European Union regulators are checking whether US online retailer Amazon is using merchants' data in a way that stifles competition, Europe's antitrust chief said on Wednesday.

    The comments by European Competition Commissioner Margrethe Vestager come as the world's largest online retailer faces calls for more regulatory intervention and even its potential break-up because of its sheer size.
    Vestager said the issue was about a company hosting merchants on its site and at the same time competing with those same retailers by using their data for its own sales.

    "We are gathering information on the issue and we have sent quite a number of questionnaires to market participants in order to understand this issue in full," Vestager told a news conference.
    "These are very early days and we haven't formally opened a case. We are trying to make sure that we get the full picture."

    Seattle-based Amazon declined to comment. Half of all items sold on its site globally come from small- and medium-sized businesses. Last year, third party sellers in Britain sold more than GBP 2.3 billion ($3.03 billion) worth of products outside the country while in Germany, they sold EUR 2.1 billion ($2.45 billion) outside Germany.
    Vestager has the power to fine companies up to 10 percent of their global turnover for breaching EU antitrust rules.
    [Reuters]
    • Blogger Comments
    • Facebook Comments

    0 comments:

    Item Reviewed: Amazon's Use of Merchant Data Under EU Microscope Rating: 5 Reviewed By: BrandIconImage
    Scroll to Top