The rumors are true: Walmart has bought a controlling stake in India’s Flipkart. This isn’t a straight-up acquisition, however, because, rather than going it alone, the U.S. retailer is enlisting strategic allies as it takes its fight to Amazon in a new region. Walmart has an existing offline retail business in India, but enter the online space […]
View More After buying Flipkart, Walmart seeks allies to join its fight against Amazon in IndiaCategory: Flipkart
South African tech and media conglomerate Naspers made $2.2 billion from Flipkart sale
Naspers, the South African tech and media conglomerate, continues to have an incredibly hot hand when it comes to global tech investment. Famous for owning a huge chunk of the Chinese Internet powerhouse, Tencent and a big chunk of Mail.ru, Naspers just made $2.2 billion off of the sale of Flipkart to Walmart. The South African company had […]
View More South African tech and media conglomerate Naspers made $2.2 billion from Flipkart saleThe future of e-commerce in India increasingly looks like an all-American affair
India’s technology industry is bracing itself for the next era of e-commerce warfare, which looks set to be waged and bankrolled by two gigantic corporations located halfway across the world: Amazon and Walmart. Amazon is already deeply committed to the country, where it has pledged to deploy over $5 billion to grow its business, and […]
View More The future of e-commerce in India increasingly looks like an all-American affair