A man checks the Flipkart site on his smartphone in New Delhi, India, on Wednesday. With its acquisition of Flipkart, Walmart is breaking into a fast-growing economy where it has struggled to establish a foothold. Photo: AP

Walmart to buy 77 per cent of Indian e-commerce giant Flipkart for US$16 billion

Walmart’s deal to acquire control of Flipkart, a company backed by Tencent, is the largest ever in e-commerce, according to Bloomberg data

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A man checks the Flipkart site on his smartphone in New Delhi, India, on Wednesday. With its acquisition of Flipkart, Walmart is breaking into a fast-growing economy where it has struggled to establish a foothold. Photo: AP
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