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Spirethoughts - Archive

Spire's past Spirethoughts appearances.

Do Asian universities have room to rise in the global tertiary education ranks
Do Asian universities have room to rise in the global tertiary educati...
Can India sustain its dependence on oil
Can India sustain its dependence on oil?
Asian airports are world beaters
Asian airports are world beaters
Japan and EU sign mega trade deal yet
Japan and EU sign mega trade deal yet
Ethiopia's strategic cooperation with China
Ethiopia’s strategic cooperation with China
India pushes Electric Vehicles
India pushes Electric Vehicles

Walmart nails deal with Flipkart

In the e-commerce sector’s biggest deal yet, retail giant Walmart paid USD16 billion to acquire a 77% stake in Flipkart – one of India’s most successful e-tailers.

With India’s e-commerce sector set to grow four times by 2023, Walmart is looking at supporting Flipkart’s ambition to become a publicly-listed subsidiary in the future.

However, the revenue growth rate for Flipkart in 2016-17 was only 29%, a far cry from the 50% growth rate of the previous year.

Will Walmart’s deal with Flipkart create an Indian Taobao?


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