Food Industry News

Wal-Mart is interested in Indian online retailer

US retailer Wal-Mart Stores is in talks to invest $ 1 billion in Indian online retailer Flipkart Online Services, Bloomberg reported, citing sources.

According to the terms of a possible agreement, RNS reports, the retailer will receive a minority stake in an Indian company, sources said.

The last time Flipkart was priced at $ 16, follows from the CB Insights data.

Two companies seek to compete with Amazon, writes Bloomberg. In June, Amazon CEO Jeff Bezos announced plans to invest another $ 3 billion in expansion in the Indian market, bringing the total investment to $ 5 billion.

See also ... 10/08/2016 Walmart announced the purchase of an online retailer Jet.com28 / 03/2014 Wal-Mart through the court requires $ 5 billion from Visa10 / 10/2013 Wal-Mart decided to trade in India independently19 / 02/2016 Quarterly profit Wal-Mart declines on 08/06/2015 Wal-Mart loses $ 3 billion a year in the USA due to theft 16/05/2014 Wal-Mart's quarterly profit fell 5% 19/08/2016 Wal-Mart's profit in Q8,6 increased by 07 , 05% 2014/08/11 Wal-Mart overtook Amazon in online sales2013 / 1020/05 Wal-Mart, because of a failure, “offered” TV sets to customers for $ 2016/7,8/20 Net profit of Wal-Mart decreased in Q02. 2015% 12/20/02 Wal-Mart increased quarterly profit by 2015% 16/10/2015 Wal-Mart takes care of employees and image13/05/2015 Wal-Mart stumbled on growing competition 65/30/04 WalMart earned 2015 % on water during droughtXNUMX / XNUMX/XNUMX Wal-Mart enters the fight for the Chinese market

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