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8/16, 6:02 PM (Source: TeleTrader)
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German watchdog launches probe into Amazon

Germany's competition watchdog started an investigation on alleged Amazon.com's abuse of its dominant market position and its relations with third-party sellers on its platform, Federal Cartel Office President Andreas Mundt unveiled on Sunday.

"We are currently investigating whether and how Amazon influences how traders set prices on the marketplace," he said in an interview with the Frankfurter Allgemeine Zeitung.

On Friday, the Canadian Competition Bureau announced that it launched a probe into the e-commerce giant, aiming to investigate whether Amazon products are enjoying a privileged position compared to third-party sellers' products.

Breaking the News / GA