Amazon is avoiding its China mistakes in India
Amazon has been in China for 14 years, but it hasn't been able to defeat homegrown rivals like JD.com and Alibaba. It is determined not to make the same mistakes in India.
The big picture: India has the world's fastest growing e-commerce market. To make sure it dominates, Amazon is over-investing there, but it's running into competition as U.S. rival Walmart does the same.