India is the most recent site of Walmart’s proxy war with Amazon. Walmart’s $15 billion bid to buy a 75 percent ownership stake in the Indian e-commerce platform, Flipkart, which was founded by two former Amazon employees, is an attempt to compete with online retail giant as it continues expanding in the market, reports the Wall Street Journal. Why India? The country’s retail market is worth about $800 billion in sales and is expected to […]
source https://therealdeal.com/2018/05/06/walmart-makes-15b-bid-to-compete-with-amazon-in-india/
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