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Walmart expands e-commerce ambitions with new investment arm

Published Tue, Mar 21, 2017 · 09:50 PM

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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Companies & Markets

Walmart expands e-commerce ambitions with new investment arm

Consumer & Healthcare

HCA beats first-quarter profit estimates on higher patient admissions

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

EU toughens rules on Chinese fashion retailer Shein

Best World under fire from shareholders at AGM over dividends, director salaries

‘Extreme’ climate blamed for world’s worst wine harvest in 62 years

Sheng Siong Q1 net profit up 9.3% on higher revenue

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

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