WalMart Doubles Budget to Build Global E-Commerce
Wal-Mart will double its international capital expenditure for IT and spend $200m on global e-commerce. To offset slowing U.S. growth, Wal-Mart’s international division set up a new e-commerce unit with a 5-year plan to build a global platform to sell groceries, general merchandise and digital products and link up stores with call centres. The goal is a software equivalent of Lego blocks that could be readily deployed in different markets. In USA, WalMart.com sells $2bn a year and only Amazon has more visitors. Go WalMart International