Walmart is selling its India store chain to its local ecommerce subsidiary, Flipkart, bolstering Flipkart’s wholesale arm and strengthening its market position amid growing competition with Amazon. The acquisition will allow Flipkart to take advantage of Walmart’s 28 cash-and-carry clubs, which it runs under the Best Price brand. The terms of the deal were not disclosed. Best Price has more than...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
“It’s Hard to Know Where It Stops”
There are weeks when I read the news and think, “Really? Can all of this be happening?” Nowadays, I’m referring to the wild west of the startup and VC business, which is getting more insane by the term sheet. This week you saw unbelievable stories of rising prices, documented here by Kate. At the same time, there were important cautionary tales about the downsides of excessive...
Microsoft’s $10 Billion Pentagon Cloud Deal Facing Uncertain Future
Big Tech Critic Tim Wu Joins White House
Instacart Hires the Product Chief of Rival Uber Eats
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Why China Embraced the Creator Economy Before the West Did