Flipkart Online Services has completed a $1 billion fundraising and aims to raise as much as $1 billion more over the next few months, according to people familiar with the matter, giving India’s largest e-commerce company capital to battle back against rising competition.
Flipkart secured its latest funding on Friday at a valuation of about $10 billion, said the people,Read more
Wal-Mart’s fourth-quarter earnings fell nearly 18 percent as the world’s largest retailer was hurt by its investments in e-commerce and stores.
But Wal-Mart saw its US business accelerate — both in customer counts and for a key sales metric — during the period that covers the critical holiday shopping season. It also enjoyed a surging global e-commerce business. The companyRead more
As politicians and businesses wrestle with potential changes to UK border controls, one of the world’s largest online travel booking companies has decided to double its headcount in London, and it’s not alone in looking to expand.
Expedia will expand its UK office by 138,000 square feet, or to roughly twice the size of its existing space, and has signedRead more
Wal-Mart Stores Inc. said it would buy online retailer Jet.com for about $3 billion, the largest-ever deal for an e-commerce startup, as it races to build a Web business to better compete with Amazon.com Inc. .
Wal-Mart’s online business has struggled, posting its slowest growth in a year in the latest quarter, and the Jet deal reflected management’s eagerness toRead more