Amazon vs flipkart 2018. Get latest and exclusive flipkart sale news updates and stories of september 22 2018. Walmart on wednesday said it had agreed to pay 16 billion for about 77 stake in flipkart a deal that will pitch the worlds largest retailer in direct competition with its us. Walmart was once considered the death star of the retail market as its superstores crushed smaller retailers with lower prices.
Rick broida has been wheeling and dealing and. Heres a look at why this is important. An amazon flipkart alliance would lead to a monopolistic.
Amazon is an american international e commerce company with headquarters in seattle united states. Amazon is on a golden run of sorts challenging flipkarts leadership position in india and threatening walmarts supremacy in the us. Explore photos videos on flipkart sale.
While both walmart wmt and amazon amzn are trying to scoop up a major stake in flipkart it looks like flipkart is more inclined toward teaming up with walmart. But today that title belongs to amazon nasdaqamzn which. Indias largest e commerce marketplace flipkart on wednesday announced the launch of 2gud its first ever independent platform for refurbished goods.
Retail behemoths amazon and walmart appear to be engaged in a tug of war for the acquisition of a majority stake in indian e commerce giant flipkart. It is the worlds largest online retailer.