By Matthew Boyle
In China, Walmart initially bought an unprofitable, second-tier online marketplace, then exchanged it five years later for a stake in JD.com, the number-two player behind market leader Alibaba Group.
The company becomes the latest high-flying tech company with grand plans, but scant real cash flow, asking lenders to pony up money.
If Walmart were to become a Flipkart investor, it will boost the e-commerce market in the country, said Agarwal.
The private temporary lodging law limits home-sharing to 180 days a year, a cap some hosts say makes it difficult to turn a profit.
Restaurateurs were disgruntled with contract terms they said left them, and not Uber, responsible for late deliveries despite being charged by Uber for the service.
Could Walmart be trying to stay alive in a “one planet, one e-commerce” model of Amazon? The answer to this question may be the key to the unfolding Flipkart acquisition saga.
Go-Jek executives have requested for a meeting with the regulator next week, Aileen Lizada, a board member at the transport regulator, said.
Intrepid said the latest funding round was led by a group of Swedish family offices and will primarily be used for rapid expansion across the region.
The two companies plan to work together in the areas of supply chain, warehousing, logistics and technologies. Huitongda will also be able to leverage Alibaba’s cloud platform and logistics solutions.
The latest shareholder letter from Jeff Bezos shows India remains Amazon’s most important international market, one where it’s locked in a fierce battle with Flipkart