Walmart’s investors reacted negatively to the news of the retail giant’s buyout of Flipkart on Wednesday, as over $10 billion worth of Walmart’s market value was wiped away, as investors punished the stock in early...
Ecommerce
Jack Ma’s Alibaba acquires Pakistan e-commerce retail firm Daraz
Chinese e-commerce giant Alibaba on Wednesday said that it had purchased leading Pakistani online retailer Daraz, continuing its overseas expansion by gaining a foothold in the growing South Asian consumer market. The...
Walmart buys 77 per cent stake in Flipkart for $16 billion
US retail giant Walmart has signed a definitive agreement to acquire a 77 per cent stake in India’s largest e-commerce marketplace Flipkart with an investment of around $16 billion, making it the largest transaction in...
Chinese fashion e-commerce firm Meili seeks $500 million in U.S. IPO – sources
Chinese fashion-focused e-commerce platform Meili Inc is seeking $500 million in an initial public offering targeted for the second half of this year, people with direct knowledge told Reuters. Meili, created through a...
Flipkart, Walmart all set for world’s biggest e-commerce deal today
Walmart Inc. is set to announce the purchase of a majority stake in Flipkart in a deal that will value India’s largest online retailer at more than $21 billion, making it the world’s biggest ever e-commerce acquisition...
Infibeam to buy Unicommerce from Snapdeal
Infibeam Incorporation Ltd on Monday said that its board has approved the acquisition of Unicommerce eSolutions Pvt. Ltd, owned by Jasper Infotech Pvt. Ltd that runs online marketplace Snapdeal.com, for Rs120 crore...
SoftBank weighs options to cut tax liability in Flipkart stake sale
SoftBank Group Corp. is considering ways to sell its stake in online retailer Flipkart Ltd without attracting a hefty tax liability, as Flipkart nears a deal to sell a majority stake to Walmart Inc., two people familiar...
Flipkart bid: Walmart Googles for a partner
Walmart Inc., which is in the final stages of talks to buy a majority stake in e-commerce firm Flipkart Ltd, is likely to bring along search giant Google as a strategic partner and investor after the deal, according to...
Flipkart board okays Walmart’s $15 bn offer; SoftBank, Tiger Global to exit
The Flipkart board has given its approval to a deal that will see US retail giant Walmart picking up close to 75 per cent in the Bengaluru-headquartered company with an investment of around $15 billion, putting to rest...
Flipkart yet to finalise stake sale deal with Walmart: Sources
Indian e-commerce firm Flipkart’s board is yet to finalize a deal to sell a stake to Walmart Inc, two sources with direct knowledge of the matter said on Friday, adding that a deal could just be days away...
Flipkart goes private in Singapore ahead of Walmart deal
In a move seen as a precursor to US retail giant Walmart acquiring a majority stake in Flipkart, the Indian e-commerce player has bought back shares worth $350 million from investors in its Singapore-based parent to...
Amazon offers to buy 60% stake in Flipkart, but Walmart still ahead
American e-commerce major Amazon has formally entered the battle for Flipkart, a move that may slow down rival Walmart’s effort to buy a controlling stake in the Bengaluru-headquartered firm. Sources indicated that...
