British watchdog plans investigation into Amazon's use of data - FT

Britain's competition watchdog is planning a formal competition investigation into e-commerce company Amazon.com Inc, the Financial Times reported on Thursday, citing three unidentified people familiar with the situation.

FILE PHOTO: An Amazon logo is seen at its centre in Darlington, County Durham, Britain September 3, 2020. REUTERS/Lee Smith/File PhotoREUTERS: Britain's competition watchdog is planning a formal competition investigation into e-commerce company Amazon.com Inc, the Financial Times reported on Thursday, citing three unidentified people familiar with the situation.

The Competition and Markets Authority has been analysing Amazon's business for months, the newspaper said, adding regulator was focusing on how the online retailer uses the data it collects on its platform.The regulator has also scrutinised how Amazon decides which merchants appear in the crucial 'buy box' - the white panel to the right-hand side of a product where buyers click to add the item to their cart, the report added.

The investigation was likely to cover similar ground to probes under way in the European Union, according to the report.Brussels has two open probes into Amazon - one that is looking at how the company is using data to advance its own products to the potential detriment of rivals, and another which is looking at the criteria for the use of the buy box.

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