Friday, May 12, 2023

Amazon falls behind Walmart in battle for India's online shoppers

Amazing story!

"In 2018, Walmart struck the most expensive e-commerce deal in history to break into the Indian market, paying $16 billion for a 77% stake in Flipkart, an online retailer founded by former Amazon employees.
Today, that investment is paying off, with Walmart beating out Amazon in the battle for online consumers in India and marking a rare e-commerce win for the U.S. retailer."

Amazon falls behind Walmart in battle for India's online shoppers - Nikkei Asia

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