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Wal-Mart Announces B2B Online Market For India

June 13, 2014: 12:00 AM EST
Wal-Mart Stores, Inc. plans to launch a business-to-business ecommerce marketplace in India in the first week of July 2014, according to Wal-Mart India CEO Krish Iyer. To be located in the cities of Lucknow and Hyderabad, the online service will be exclusively offered to trader members and is likely to be expanded to cover 18 more urban centers across the country. After suspending its plan to launch its retail business in India, Wal-Mart said it plans to open 50 more wholesale stores in the next 4–5 years.
Aditi Shah, "UPDATE 1-Wal-Mart to launch e-commerce marketplace in India in July", Reuters, June 13, 2014, © Thomson Reuters
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