Walmart has taken a giant step into the Indian e-commerce market by acquiring a majority stake in the country’s biggest online retailer, Flipkart.
Walmart will pay $16bn for a 77% stake in Flipkart in a move that is likely to be seen as a victory over Amazon in the race to buy into the fast-expanding Indian market.
☛ Want to stay up to date with the news? Sign up to our daily bulletin.
Get a free 30 day trial to access all Supply Management website stories click here >
Receive email job alerts from Supply Management Jobs click here >
Not a CIPS member? Why not join CIPS to access a full range of benefits, including:
And much more.
Click here to join >