Walmart Inc. (WMT)

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140.82+0.62 (+0.44%)

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Reuters
Walmart's Flipkart in early talks to raise $1 billion - ET
Walmart Inc-owned Indian e-commerce firm Flipkart is in early talks with investors to raise at least $1 billion, the Economic Times reported https://economictimes.indiatimes.com/tech/funding/flipkart-plans-a-big-billion-day-with-new-investors/articleshow/82533913.cms on Tuesday, citing people familiar with the matter. Flipkart's fund raise plans come at a time when the company is considering an initial public offering (IPO), while it battles players including Amazon.com's local unit and billionaire Mukesh Ambani-owned Reliance Retails' JioMart amid a pandemic that has seen demand for online services skyrocket. Flipkart raised $1.2 billion in fresh funding last year, with Walmart as its lead investor.
Financial Times
Walmart vs Amazon: the battle to dominate grocery
It was on the site of an old Toys ‘R’ Us store in the middle of the pandemic that Amazon launched a renewed assault on the one market that has resisted its rise — and on the one company that can claim to have done as much to shape how Americans shop. The first Amazon Fresh supermarket opened last September in an upmarket part of Los Angeles. Since the debut in Woodland Hills, Amazon has added at least a dozen across the US, with several more under construction.
Motley Fool
1 Big Reason I Won't Buy Amazon Stock
A key piece of Amazon's moat could crumble as driverless delivery vehicles become ubiquitous in the years ahead.