The world's biggest retailer, Walmart, is keen to bring in strategic investors for the Indian e-commerce company but is also open to selling to large pure-play investment firms.
The partnership marks the entry of Adani into the three-way fight for domination of India’s online shopping space. Up against the Walmart-Adani alliance is Amazon & Reliance Industries.
The group, which includes companies like Walmart & Target, is looking to back legislation that would require digital marketplaces to verify information about third-party merchants.
Pressure for less chemical-intensive farming methods is coming from retailers like Walmart, who are throwing more dollars toward organic foods with environmental claims.
After Walmart's $16 billion investment in Flipkart, the largest internet retailer's move of recruiting these unlikely suppliers is a sign of the fierce battle raging globally.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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