Walmart Bets $15 Billion on an E-Commerce Passage to India

That’s the headline of a story just out today with my colleagues Eric Bellman and Corinne Abrams: It begins: NEW DELHI—The famously frugal and focused Walmart Inc. is betting $15 billion on a much different kind of company: a sprawling Indian e-commerce startup that has burned through mountains of cash to try to conquer the […]

Walmart Looks to Scale Back in U.K. and Brazil, With an Eye on India

That’s the headline of a story just out with my colleagues Sarah Nassauer and Luciana Magalhães: It begins: The world’s biggest retailer has concluded it can’t take on the whole world by itself. Walmart Inc. is in discussions to give up control over hundreds of stores in the U.K. and Brazil, two big markets where […]

By Me Yesterday: Microsoft, eBay, Tencent Pour $1.4 Billion into India’s Flipkart

The story begins: NEW DELHI—Indian e-commerce startup Flipkart Group has raised $1.4 billion from Microsoft Corp., eBay Inc. and Tencent Holdings Ltd., taking a hit to its valuation to raise the cash it needs to defend its home market from Amazon.com Inc. Flipkart, which was started in 2007 by two former Amazon employees, said Monday […]

By Me and a Colleague Yesterday: Morgan Stanley Fund Cuts Valuation of its Flipkart Holding

The story begins: MUMBAI—A Morgan Stanley investment fund has reduced the valuation of its holding in Flipkart Internet Pvt. by 38%, as India’s leading e-commerce firm faces increased competition from U.S. rival Amazon.com Inc. and others. In a U.S. regulatory filing this week, the Morgan Stanley Select Dimensions Investment Series fund said for the quarter […]