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

ANSWER: 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

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲