The Competition Commission of India (CCI) has conducted antitrust investigations, concluding that Amazon and Walmart’s Flipkart repeatedly violated local antitrust laws, while Samsung and Xiaomi colluded with them.
Google will acquire a minority stake in Walmart-backed Flipkart.
The Indian e-commerce marketplace Flipkart has launched a Unified Payments Interface (UPI) to expand its digital payment transaction offerings by adding an instant financial operations system popular in the South Asian country with an appropriate functional purpose.
Walmart bought out Tiger Global Management’s remaining stake in Flipkart, an Indian e-commerce company, for $1.4 billion.
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