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Uber sold its Indian food delivery operations to Zomato in an all-stock deal, in a rare example of homegrown companies defeating foreign rivals. Or was it?   © AFP/ Jiji
Business Spotlight

Zomato eats Uber as India food fight enters new round

China-funded proxies wrestle Amazon and Google over $5bn pie

KEN KOYANAGI, Nikkei Asian Review Editor-at-large | India

BANGALORE -- When Jeff Bezos arrived in India earlier this month, the Amazon CEO launched a major charm offensive. Bezos wore traditional local garb, predicted that "the 21st century is going be the Indian century," and promised $1 billion in investment.

Oddly, though, the world's richest man left without meeting a single high-ranking official from Prime Minister Narendra Modi's government -- despite its oft-stated desire to attract foreign investment.

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