Walmart acquired Flipkart Online Services for $16bn.

Walmart, a multinational retail company, agreed to acquire Flipkart Online Services, an Indian e-commerce company, for $16bn. “Not only is [Flipkart] innovative [with the] problem-solving culture that they have, but they are doing some great work both in the AI space, how they are using data across their platforms but particularly in terms of the payment platform that they’ve created through PhonePe. All of those things we can learn from for the future and see how we can leverage those around the international markets and potentially into the US as well.” Judith McKenna, Walmart COO.