Amazon.com founder Jeff Bezos is likely to be greeted by an unprecedented show of opposition during his short India visit this week, after thousands of small retailers pledged to protest its pricing practices.
SoftBank’s bad year goes well beyond WeWork. Investors are starting to get the feeling that whatever Masayoshi Son brings to the public is troubled.
In the heart of New Delhi’s largest wholesale bazaar, merchants who normally compete with each other have united against a common enemy.
When Walmart paid $16-billion for control of India’s e-commerce pioneer Flipkart Online Services from investors, including Naspers, last year, the US retail giant got a little-noticed digital payments subsidiary as part of the deal.
Naspers wants to spend about $1-billion in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent, a person familiar with the matter said.
Walmart is close to finalising a deal to buy a majority stake in India’s leading e-commerce company for at least $12bn and may complete the agreement in the next two weeks, according to people familiar with the matter