According to eMarketer, e-commerce in India is expected to more than double between 2018 and 2022, growing from US$32.7 billion this year to US$72 billion by 2022. In May 2018, Wal-Mart, the world’s largest retailer by sales, announced the purchase of 77% in Flipkart Online Services for US$16 billion. The firm bid against Jeff Bezos, the C.E.O. of Amazon.
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