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(Photo by Scott Olson/Getty Images). My surprise at Walmart’s $16.6 billion investment in Flipkart–India’s largest e-commerce retailer – is two-fold. First, Walmart’s presence in India is tiny–Walmart spent to prevent Amazon from gaining a stronger foothold in India. It is surprising since Walmart’s history of global expansion is generally unsuccessful. Walmart has been trying to enter India for 15 years, and while the competition (Amazon) has been successful in that country, Walmart has not. Walmart’s global achievements are very checkered. The company’s entry into Germany in 1998 was unsuccessful, and it had to withdraw after eight years. Its American style of management, high local ... Full story

16 May