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The EU will investigate Amazon for possible anti-competitive practices



EU Competition Commissioner Margareta Vestagger will hold a press conference on two state aid cases at the European Commission in Brussels on 4 October 2017

Emanuel Dünan | AFP |

EU antitrust regulators will investigate Amazon, the world's largest online trader, to check whether the use of data from other vendors violates competition rules, the European Commission said on Wednesday. a formal investigation to determine how Amazon uses data from independent retailers that sell on the company's market. The investigation focuses on Amazon's "dual role", both a retailer and a market, Vestager says.

"Based on the Commission's preliminary finding, Amazon appears to use competitively sensitive information ̵

1; for market sellers, their products and market deals," Vestagger said.

The European Commission, the EU executive, has begun asking traders how Amazon collects their data last year. If the EU decides that Amazon violates competition rules, it may impose on the company up to 10% of global annual revenue.

In a statement, Amazon said, "We will cooperate fully with the European Commission and we will continue to work hard to support the business of

Amazon is facing increasing regulatory control over the world. Earlier on Wednesday, the German anti-trust supervisor said he had reached an agreement with the e-commerce giant to review the terms of its third-party service. 19659010]
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