Walmart to acquire retail newcomer Jet

Q.  Walmart has agreed to purchase which online retailer?
- Published on 09 Aug 16

a. Jabong
b. Myntra
c. Voonik
d. Jet

Walmart has agreed to purchase fast growing online retail newcomer Jet dot com that aims to challenge Amazon
  • Walmart will now be directly able to compete with Amazon as buying the online retailer will help it to grab higher income customer who typically is younger
  • Move followed a series of acquisitions by major traditional retailers for online startups

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