Tag "walmart"

Flipkart could offer discounts on single-box delivery to reduce logistics cost

By : CIOL Writers

Logistics is the bread and butter of e-commerce companies, which also costs them the highest, eventually influencing the revenue. To tackle this problem, Walmart-owned Jet.com proposed a discount offer to encourage customers to order multiple products that can be shipped

Walmart reportedly in talks with Flipkart for an equity partnership

By : CIOL Writers

Indian e-commerce market is getting hotter by the day. After Alibaba, Rakuten, it’s the world’s biggest retailer Walmart Store that is eyeing the lucrative Indian region and is reportedly in talks with local e-commerce giant Flipkart for an equity partnership,

After acquiring Jet.com, Walmart gains highest sales in 4 years

By : CIOL Writers

We all know that Marc Lore was the focal point of Walmart’s deal to acquire two-year-old e-commerce upstart Jet.com. But, who knew, that within 10 days of the announcement, he could spin off good omen for world’s largest retailer. After

Jet.com CEO Marc Lore could make $750mn to $1bn with Walmart’s deal

By : CIOL Writers

Paying $3.3 billion to acquire a two-year-old e-commerce upstart Jet.com might have looked absurd to many but experts knew the real reason was something else. The acquisition was more about the company’s CEO, Marc Lore than anything else. Recode reports

Walmart ups Amazon rivalry with Jet.com acquisition

USA: To take on its biggest e-comm rival- Amazon, Walmart is  acquiring a hardly one-year old fast-growing e-comm co. Jet.com for approximately $3 billion in cash. Walmart and Jet will maintain distinct brands, said Walmart. The deal is expected to close

Wal-Mart selling Chinese e-commerce business to JD.com

By : CIOL Writers

If you can’t beat them, join them. This is precisely what Walmart is aiming at in China’s fastest-growing but competitive e-commerce market. Wal-Mart on Monday said it will sell its Yihaodian website to JD.com Inc. —the second-largest online retailer in

Walmart opens technology CoE in Bangalore

BANGALORE, INDIA: Walmart today opened its new technology Center of Excellence(CoE) in Bangalore. The center will house Walmart Global Technology Services, to build new platforms and services to support both its e-commerce and stores businesses worldwide. The Walmart Global Technology