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Walmart’s Wrestling Match With Amazon.com Now Moves To India

January 31, 2018: 12:00 AM EST
Walmart’s strategy in its game of catch-up versus Amazon.com is to acquire companies with the talent and technological expertise it needs to become an e-commerce behemoth. The company recently closed a $3 billion acquisition of Jet.com, after a five-year shopping spree in the world of young e-commerce companies, filling its shopping cart with 15 startups. It is now eyeing an investment in another, this time India’s Flipkart. Industry observers speculate that Walmart is looking to buy a 20 percent stake in the company, which sells a variety of consumer goods online, including electronics and appliances. Flipkart is looking to move into the food and grocery business, and an investment by Walmart could make that happen. Amazon.com, meanwhile, has pledged to invest $5 billion in India. [Image Credit: ©   Flipkart ]
Arun Kumar & Chaitali Chakravarty, "Walmart in talks to buy a significant minority stake in Flipkart", The Economic Times, January 31, 2018, © Bennett, Coleman & Co. Ltd
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