Walmart ups the e-commerce ante

Walmart’s next e-commerce power-play is reportedly in the works.



In its latest move to compete against its online nemesis amazon.com, Walmart is reportedly ready to invest up to $1 billion in Flipkart, according to an article in Quartz.



Described as India’s largest online retailer, Flipkart sells a vast assortment of hard- and soft-line categories, including electronics, apparel and housewares. The move would help expand Walmart’s existing business presence in India, and add competitive pressure on amazon.com.



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