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With Flipkart Deal, Walmart Expands Online and Global Profile

Walmart has completed its investment with Flipkart, India’s leading e-commerce marketplace platform, as it ramps up its online and global presence. The retailer now holds roughly 77 percent of Flipkart, with the remainder of the business held by other shareholders, including Flipkart co-founder Binny Bansal, Tencent, Tiger Global and Microsoft Corp. Flipkart’s financials will now…

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