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There's no mention of Walmart's recent acquisition in India[1] where they poured $16 billion to buy 77% stake in Flipkart. What's interesting is that there's no
by vishnugupta 7y ago
There's no mention of Walmart's recent acquisition in India[1] where they poured $16 billion to buy 77% stake in Flipkart. What's interesting is that there's no profit in sight for Flipkart (or Amazon.in for that matter). Which means they'll continue to bleed money. Especially as the Indian economy is showing signs of a major slowdown.
- Blackthorn 7y agoThey can afford it. It's a good idea to buy in to such a big economy as India, even if they'll lose money on it for a while.
- tsjq 7y agoI too have similar thoughts . worse is soon after Walmart's acquisition of Flipkart, the govt came up with new ecommerce rules & regulations that made things really tougher for Amazon and Flipkart (there are widespread rumors that these rules were brought in to help Reliance Retail's ecommerce wing) . and not a single mention of this situation. 16Billions isn't small, even at Walmart's scale.