Wal-Mart might be investing $1B into a foreign company you've never heard of
There's no doubt that the online retail market is the place to make a profit these days.
The online retail space is highly competitive even for companies that thrive in the brick-and-mortar realm – especially for discount retailers.
SEE ALSO: Wal-Mart pays quarterly bonuses to more store employees
Wal-Mart is no exception.
In fact, the company might be making a very unlikely, yet major move in order to secure their spot as a top destination in the world of e-commerce.
What better way to do it then to go international?
Reportedly, the retailer is in talks to buy a piece of India's most prominent e-commerce firm, Flipkart, in attempts to make a dent in the world of online shopping.
Wal-Mart currently operates 21 wholesale stores in the country, but has had trouble trying to open retail storefronts due to India's complicated laws that limit foreign ownership and franchising.
The potential partnership with Flipkart could point to the possibility of an attempt to overthrow Amazon as a top destination for online discount shopping.
Wal-mart is said to be considering investing anywhere from $750M to $1B into Flipkart.
We wonder if that hefty price tag comes with free shipping!
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