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.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
10 TIPS FROM EXPERTS TO HELP YOU CHANGE YOUR RELATIONSHIP WITH MONEY IN 2025
Now that 2025 is here, you might be reflecting on your financial goals for the year.
TIKTOK CREATORS LEFT IN LIMBO WHILE AWAITING DECISION ON POTENTIAL PLATFORM BAN
Will TikTok be banned this month?
WWE READY TO BEGIN NETFLIX ERA WITH 'MONDAY NIGHT RAW' MOVING TO THE STREAMING PLATFORM
Nick Khan's prediction becomes a reality on Monday night.
FUBO COMBINING WITH DISNEY'S HULU + LIVE TV: LAWSUIT AGAINST VENU SPORTS SETTLED
Disney's Hulu + Live TV and sports streaming service Fubo are combining in a deal that will also see the settlement of a lawsuit against the creation of Venu Sports.
A NEW NEUTRINO DETECTOR IN CHINA AIMS TO SPOT MYSTERIOUS GHOST PARTICLES LURKING AROUND US
Underneath a granite hill in southern China, a massive detector is nearly complete that will sniff out the mysterious ghost particles lurking around us.
NEW LABELS WILL HELP PEOPLE PICK DEVICES LESS AT RISK OF HACKING
The federal government is rolling out a consumer labeling system designed to help Americans pick smart devices that are less vulnerable to hacking.
AI IS A GAME CHANGER FOR STUDENTS WITH DISABILITIES.SCHOOLS ARE STILL LEARNING TO HARNESS IT
For Makenzie Gilkison, spelling is such a struggle that a word like rhinoceros might come out as “rineanswsaurs” or sarcastic as “srkastik.”
FROM AI ASSISTANTS TO HOLOGRAPHIC DISPLAYS, AUTOMAKERS SHOWCASE IN-CABIN EXPERIENCES AT CES
Interior lighting aimed at reducing motion sickness. Shiny holographic dashboards displayed on windshields. And Al-powered voice assistants paired with infotainment systems to keep you company on long drives.
IN 2024.ARTIFICIAL INTELLIGENCE WAS ALL ABOUT PUTTING AI TOOLS TO WORK
If 2023 was a year of wonder about artificial intelligence, 2024 was the year to try to get that wonder to do something useful without breaking the bank.
APPLE TO PAY $95 MILLION TO SETTLE LAWSUIT ACCUSING SIRI OF EAVESDROPPING
Apple has agreed to pay $95 million to settle a lawsuit accusing the privacy-minded company of deploying its virtual assistant Siri to eavesdrop on people using its iPhone and other trendy devices.
