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May 9, 2018 01:17 pm GMT

After buying Flipkart, Walmart seeks allies to join its fight against Amazon in India

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 alliesas it takes its fight to Amazon in a new region. Walmart has an existing offline retail business in India, but enter the online space […]

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