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Australian regulators investigating Amazon, eBay and other online markets – News


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July 22, 2021

Australian antitrust regulators started investigating native models on Amazon.com Inc on Thursday. eBay Inc and different on-line markets to make sure equity in sectors the place gross sales have skyrocketed because of the coronavirus pandemic.

Amazon hasn’t reached the Australian market dominance it’s skilled elsewhere since its launch in 2017, however ACCC says gross sales have doubled within the 2020 calendar- Reuters

The Australian Competitors & Shopper Fee (ACCC) has damaged the world’s hardest content material licensing guidelines for Web giants Fb Inc and Alphabet Inc. Google, Requested submission from the business.

“On-line marketplaces are an essential and rising phase of the economic system, so it’s essential to grasp how on-line marketplaces work and work successfully for customers and companies,” ACCC stated. Chair Rod Sims stated in a press release.

“I need to guarantee that the principles that apply to conventional retailing are additionally adhered to within the on-line context.”

The ACCC survey will likely be submitted till mid-August and the ultimate report is scheduled for March 2022. Native representatives from Amazon and Ebay couldn’t remark instantly.

The ACCC investigates the connection between the massive on-line market and third-party sellers and buyers, together with its influence on competitors, information dealing with, complaints and evaluations.

Amazon hasn’t reached the Australian market energy it’s skilled elsewhere since its launch in 2017, however the 2020 calendar doubled gross sales, ACCC stated.

Total, Australia’s on-line purchases surged 57% in 2020, with spending a file $ 50.5 billion in a collection of coronavirus blockades, regulators added.

ACCC obtained a variety of complaints, together with “the standard of products offered available on the market, the timeliness of remittances to sellers, the best way items are displayed available on the market, and the extent of help the market supplies to customers within the occasion of a battle. “. seem”.

The ACCC has been conducting a collection of surveys in current months as a part of inquiries a few wider vary of digital platform providers.

© Thomson Reuters 2021 All rights reserved.

Australian regulators investigating Amazon, eBay and different on-line markets

Source link Australian regulators investigating Amazon, eBay and different on-line markets

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