Mexico’s Federal Commission on Economic Competition, known by its initials as COFECE, said in a preliminary finding late Tuesday that the two firms control 85% of online sales in Mexico.
It said that market dominance created “an absence of real competitive conditions in the online retail market.” For Amazon, the finding was the latest in a string of regulatory challenges it has faced in its countries of operation.
The COFECE order also covers the biggest Latin American online retailer, the Uruguay-based firm Mercado Libre.
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