Flipkart, hot off raising $1 Billion in its second funding round has gained the attention of retailing behemoth Amazon. Shortly after Flipkart’s achievement, Amazon announced it would invest $2 Billion to expand business in India, building five new warehouses. Jeff Bezos commented on the investment, saying Amazon sees “huge potential in the Indian economy and…
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Clash of the Titans: Alibaba v. Amazon
Think Amazon is the world’s largest online retailer? Think again. Alibaba, the leading online wholesale marketplace for domestic China trade among small businesses, has officially claimed the #1 spot with its IPO filing. Last year, the giant did $248 billion of Gross Merchandise Volume (GMV) in its China retail marketplace, more than Amazon and eBay…