Walmart's Big Gamble On India

Walmart has opened a new front in the war for e-commerce supremacy. But the battle won't happen here in the States. It will happen in India. On Wednesday, the retail giant inked a $16 billion deal to buy a 77 percent stake in Flipkart, India's premiere online retail startup. And it's a move directly aimed at Amazon. Walmart is still America's dominant brick-and-mortar retailer (there's a Walmart within 10 miles of 90 percent of the United States population).

Topics:  on wednesday   jet   yet walmart   doug mcmillon   walmart's ceo   but flipkart   buying    u.s    sounds   states   india   flipkart   amazon   walmart   america    walmart    walmart   walmart's   big   gamble   retail   billion   online   market   percent   e-commerce   million   internet   stores   share   sales   population   infrastructure   growth   mom-and-pop   net   sale   deal   investors   startup   income   future   happen   year   boasts   world   game   company   experts   physical   potential   

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News