Walmart expands e-commerce ambitions with new investment arm
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San Francisco
THE purchase of Jet, an upstart e-commerce venture, for US$3.3 billion last summer was meant to give Walmart, US's largest retailer, a way to transform its online retail strategy.
Now, Walmart is expanding its e-commerce ambitions, and it has tapped a Jet executive to help it build new startups within the company.
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