Sources: Amazon is in talks to buy a 9.9% stake in Reliance Retail, for a preferred, strategic stake in its e-commerce venture JioMart (ETtech)

ETtech:

Sources: Amazon is in talks to buy a 9.9% stake in Reliance Retail, for a preferred, strategic stake in its e-commerce venture JioMart  —  JioMart, the e-commerce venture of Reliance’s retail arm, was launched in May and poses a formidable challenge to Amazon’s local unit and Walmart’s Flipkart.

Source link