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Walmart rewrites its e-commerce strategy

It is buying Jet for an eye-popping US$3.3b; the year-old online bulk retailer's founder Marc Lore is seen as one of the few execs who can help put a dent in Amazon's edge

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Connecting with Walmart could help Jet.com amplify its business without the stress of private fund-raising in a market that has become more challenging for unprofitable companies.

New York

TRADITIONAL retailers have spent more than a decade and billions of dollars trying to transform their brick-and-mortar businesses for the online shopper. Yet Amazon and other digital upstarts continue to lap them.

Now Walmart, the world's largest retailer and the dominant...

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