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Amazon and Walmart expected to engage in fiercer competition in India

Apr, 23, 2023 Hi-network.com
Amazon and Walmart are expected to engage in fiercer competition in India. Amazon has pledged to deploy over$5 billion to grow its business in the country, while Walmart is likely to acquire 60-80 percent of the company Flipkart for$12 billion. Walmart's increased focus on India comes after the company exited the Chinese market in 2016 selling its Yihaodian service to Alibaba's rival JD.com. Amazon said that Walmart's acquisition would be good for the Indian economy and would bring further dynamism to e-commerce.

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