Walmart’s India e-commerce app Flipkart will spinoff its payments platform PhonePe as it battles for market share against Google and Paytm. The Indian e-commerce company’s payments platform will raise $700 million from its existing shareholders, giving PhonePe a valuation of $5.5 billion. Amazon and Facebook are also eyeing India’s fast-growing digital payments market, as e-commerce grows...
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The Takeaway Amazon
Why I Love and Fear Amazon Basics
Jeff Bezos this week wrote his final shareholder letter as he steps aside as CEO of Amazon. It is remarkable what he and the company have accomplished. I vaguely remember buying my first book on Amazon. Today, I buy…well, that brings me to the point of this week’s column. I recently realized that my kids’ whiteboard markers had run dry. I grabbed my phone and searched for...
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