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Walmart Plans To Launch An Electronic Marketplace In India

March 5, 2014: 12:00 AM EST
After suspending its retail expansion plans in India, Wal-Mart Stores is reportedly planning to launch an electronic marketplace in the country. According to sources, Walmart India has created a team tasked with developing the electronic marketplace that is expected to be similar to the business model currently used by online retailers Amazon and eBay Inc. After getting burned with licensing-related problems and allegations of bribery during the past two years, Walmart may have realized that expanding its business via the ecommerce route was relatively safer than the brick-and-mortar way. For example, the retailer will not have to secure numerous licenses required of businesses planning to set up retail stores in the country.
Rasul Bailay & Chaitali Chakravarty, "Walmart to expand in e-retailing in India, planning marketplace model akin to Amazon, eBay", Economic Times, March 05, 2014, © Times Internet Limited
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