The European Union Suspected Amazon of Unfair Competition
OREANDA-NEWS The company, which is both a service for the placement of goods from different buyers and sellers of its own products, can use the data of its competitors retailers, according to the EU regulators.
The regulatory bodies of the European Union check the activities of the world's largest online retailer Amazon, trying to figure out whether the company is available on its website the data sellers so that it hinders competition. This is with reference to the head of the European Antimonopoly regulator, European Commissioner for competition Margrethe Vestager reports Reuters.
The problem, she said, is that Amazon, placing sellers' information on its website, at the same time competes with the same retailers. So, as it is believed in the regulator, the company can use the data of other sellers for its own sales (Amazon is also a service for placing products, as well as a seller of its own goods).
"We collect information on this issue", — said in this regard at a press conference Vestager, noting that in this work, EU regulators will ask market participants to "fully understand this question".
So far, as the European Commissioner said, we are talking about an informal check. "Officially, we have not opened a case [against an online retailer]. We're trying to confirm [whether Amazon misconduct or not] and get a full picture of [what is happening]," Vestager added.
For violation of antitrust rules of the EU, she, as Reuters recalls, has the right to fine the company up to 10% of its global turnover.
The headquarters of Amazon in Seattle, Reuters refused to comment on this information. Half of all the products that are sold on the company's website, as the Agency notes, are trying to implement small and medium-sized businesses. Last year, third-party sellers from the UK with the help of this platform sold outside their country goods worth more than £2.3 billion ($3.03 billion), sellers from Germany meanwhile outside their country sold products for €2.1 billion ($2.45 billion).
Earlier, in early September, Amazon became the second after Apple company from the US, the market value of which exceeded $1 trillion. At its peak, the company's share price reached $2,050.5.