FlipKart sale cues war for India's e-wallet

Competition gets hotter than a vindaloo as the global e-commerce and e-payments battle between Walmart, Amazon, Alibaba and Tencent enters India.

FlipKart sale cues war for India's e-wallet

Competition to dominate the global e-commerce and e-payments market opened on a new front this week after Walmart purchased a controlling stake in Indian start-up, Flipkart.

The $16 billion acquisition not only pits the US retailer against its arch domestic foe, Amazon, which already has a strong hold in India, but also against Alibaba, the Chinese company it was unable to conquer on the latter’s home ground.

The ongoing...

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