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Key players targeting India’s e-commerce market

When US-based retail giant Walmart takes a 77% stake in Flipkart, an online retailer in India, for US$16 billion when the latter has reported losses of nearly 87.7 billion rupees, or about $1.37 billion, it’s time to sit up and analyze the underlying drivers. Anand Tandon of Gryphon Advisors analyzes Walmart’s strategy succinctly: “It’s the […]