Yesterday’s blockbuster US$16 billion deal, in which Walmart said it plans to buy a 77 percent stake in India’s online retail powerhouse Flipkart, caused some wild speculation about whether the acquisition could open up a new battleground in the Indian e-commerce wars currently being fought mostly by Alibaba and Amazon to expand their market share across the subcontinent.
But some analysts familiar with the Indian market say that, despite the annual gross merchandise volume (GMV) of Flipkart, the portal’s financial health is not as robust as it may seem. Is Walmart purchasing a dud? Check out the latest analysis from Charles Kauffman in our sister publication, Cargo Facts:
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