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Walmart's US e-commerce growth rebounds, shares rise

Updated : May 17, 2018 06:16 PM IST

Walmart's e-commerce sales grew 33% during the first quarter ended April 30, above the 23-% growth in the previous three months.
Walmart also recently said it will acquire a 77-% stake in Indian e-commerce firm Flipkart for $16 billion, its largest deal ever, to compete with Amazon.com Inc in an important growth market.
Walmart's US e-commerce growth rebounds, shares rise
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