CLEAN : Bezos promises $1 billion in bid to see off Indian e commerce storm

The video discusses leadership challenges and operational scaling, highlights Amazon and Flipkart's market strategies, announces a $1 billion investment in digitizing small businesses, and critiques these companies by comparing them to historical entities like the East India Company.

What are the perceived goals of Amazon and Flipkart in the retail trade?

What does the speaker imply about competition in the market?