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Walmart buys a major stake in India's Flipkart

Wednesday, May 09, 2018 - 02:14

Walmart said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart in an effort to compete with rival Amazon in an important growth market.

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Walmart said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart in an effort to compete with rival Amazon in an important growth market.

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Walmart buys a major stake in India's Flipkart

Wednesday, May 09, 2018 - 02:14