Amazon in talks to buy stake in India’s Reliance Retail
Amazon.com’s enormous online presence could help bolster Reliance’s consumer and private labels business
04 August 2019 - 18:35
New Delhi — Amazon.com is in talks with Reliance Industries’ retail unit to buy a stake in India’s biggest brick-and-mortar retailer, two sources with knowledge of the talks said.
Amazon’s enormous online presence could help bolster Reliance’s consumer and private labels business. A partnership would help the duo counter Walmart, which invested $16bn in India’s Flipkart in 2018, in the battle for a bigger share of India’s fast-growing e-commerce market...
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