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Walmart and Flipkart to take on joint Rival Amazon: Reports

US-based offline and online retailer store Walmart Inc is in early talks with the E-commerce Giant Flipkart India Private Ltd for an equity partnership. In the advanced talks, Walmart is going to invest as much as $1 billion into Flipkart.

The move is taken as a joint battle against their common rival Amazon. Both the firms want to gain more footing in the market. Amazon one of the top online retailer expands it services in rural America which offers competitive deals and shipping to homes of the customers.

Walmart is also looking at expanding its business in India by opening more stores and even as it explores an online presence in the country. Flipkart is one of the largest e-commerce retailers in India but has a competition with Amazon which steps up its investment in the country.

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Earlier in the month of July, the Chief Executive Officer Jeff Bezos announced that they are going to invest $5billion in the country to gain customers in the fast growing market. The deal that had made by Flipkart and Walmart would be beneficial for both.

“We are well capitalized to invest in technology, supply chain and to get to the next level of growth. One thing we should remember is that Flipkart has been in the top five companies globally to raise private capital. So that amount of capital is very meaningful.We have been very diligent and focused on spending that capital. Our complete focus is on growing the business, innovating for our customer and capital is not in my focus area,” Flipkart co-founder and Chief Executive Officer Binny Bansal said in an interview last week.

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After China and the United States, India is the largest online retail market. Both Amazon and Walmart are trying to make their mark in the country. Walmart has 11,527 stores across 28 countries presently and employs around 2.3 million people. It is recorded that the Walmart revenue was about $482 billion last year.

The world’s largest retailer Walmart may be worried about its declining online sales in the US, but Amazon continues to grow impressively both in US and India.

NBA 2K17: Simple Method to Get Locker Codes

NBA 2K17 Locker codes are now accessible once more for the gamers. It is usually given by NBA 2K in their official Social Media Pages. NBA 2K17 fans can unlock attributes and freebies inside the game with these codes, and the only way to do so is to acquire these from the company who produced the game.

Another way to get the codes is to visit this nba 2k17 locker codes blog.  As mentioned in itechpost, these are the steps in getting one for your game console: First, the gamer should choose the gaming console that he or she is using. Afterwards, Users will then be given choices with the items that they want to obtain such as virtual currencies or diamond code. Players should remember that the codes are case sensitive. Make sure to input it with dashes. Gamers should input their valid information in order to reveal the code. Input the codes once you receive it in your email because there is an expiration period for each code you get.

On the other hand, Ruffles and Walmart collaborated for their first locker code giveaway promo. Fans will be able to get a locker code by just buying a copy of “NBA 2K17” and two bags of Ruffles at Walmart. The promo began on Sept. 10 and will run till Oct. 2. Moreover, players will also 5000 (virtual currency) and dunk animation. This only for the PlayStation 4 Xbox 1 and Windows Computer. Previous-generation consoles are not included in the promo.

Now, fans need to take a picture of the receipt and send it to Ruffles NBA2K17@2K.com. Keep in mind that the items should be purchased from Walmart within the promo period. 2K Sports will also honor items that have been purchased from distinct dates as long as they were purchased within the promo period.

Additionally, a customer can only avail of up to ten locker codes and can submit up to 11:59 p.m. on Nov. 15 only. For gamers that already have locker codes, they can redeem them by going to the {main menu of the game, then going to “Options/Features,” choose the “Locker Codes” option and enter the Locker Code from there.

Meanwhile, several news outlets have warned fans about websites providing free Locker Codes for “NBA 2K17.” Most of these sites are scams, requiring users to sign-up or complete surveys in order to have the code but are just out there to get personal individual information and worse, money from unsuspecting players. People are already reporting that Locker Codes coming from these type of sites do not work, and fans must stay away from them. Genuine Locker Codes can only be given by 2K Sports and their partners.

Players are very eager to get these codes and has been at the top of google search results. Always remember that these locker codes can make or break your game. It is suggested that you get your myplayer rating by playing games and not using this kind of codes.

Walmart buying Jet.com for $3.3 billion to take on Amazon

Jet.com and Walmart are expected to announce a deal of $3.3 billion.After being exposed to rumors for more than a week, the retailing giant will buy the online retailer. It is reported that the deal is confirmed, and terms of the acquisition include the startup founder Marc Lore continues to head the online retailer’s division for few years.if the process of Walmart buying Jet.com is finished then it is one of the largest-ever acquisitions of an e-commerce company.

Earlier, Lore worked over two years with Amazon, the leading online sector. Before starting his career in Amazon, he founded Quidisi, best known for his business Diapers.com. He was enforced to sell the company to Amazon for $545 million in 2010. Later he started his new e-commerce venture Jet.com, in 2015. Jet.com has been set itself to be an Amazon Killer right from its launch.

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Now, owning this Jet.com may serve the much-needed boost to the biggest retailer’s online strategy. This will provide the much needed supply-chain innovation and change which enabled the startup’s rapid growth. Capturing a firm grip in e-commerce is essential as growth in online consumers in observed.

“Wal-Mart’s E-commerce growth has been slow — they have had a year-over-year decline when the overall market is still growing, What Wal-Mart has been doing for their e-commerce business is not resonating with consumers,” said Michelle Malison, a retail analyst with Euromonitor International.

It is observed that with a 13 percent market share and ranked fourth in e-commerce, Wal-Mart dominates U.S store retailing. Where Amazon Holds 31 percent of share in online shopping market. “Walmart buying Jet.com for trying to short-circuit the learning curve If these guys that come in can help WalMart double their internet sales in one or two years, whatever the acquisition costs are, are minimal in comparison to what they’ll make in profits,” said Britt Beemer, founder of America’s Research Group.

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“WalMart still struggles with things like third party marketplaces which Marc and his team have successfully built,” Sucharita Mulpuru, an analyst at Forrester Research Inc., Some analysts say tech companies often built on the hypothesis, and selling was likely the plan along. These companies exits can reward employees and early investors handsomely. If the deal work outs, jet.com will be the considered as a short, 12-months life as an independent company.

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