2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Walmart
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Alibaba
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Myntra
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Jabong
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Detailed explanation-1: -Bansal, who cofounded Flipkart with Sachin Bansal in 2007, sold shares to existing investor Tencent Holdings, they added.
Detailed explanation-2: -Bansal, who served as chairman and group CEO at Flipkart, had quit abruptly after Walmart’s takeover following a probe, amid allegations of personal misconduct.
Detailed explanation-3: -In August 2018, American retail chain Walmart acquired a 77% controlling stake in Flipkart for US$16 billion, valuing Flipkart at around US$20 billion.
Detailed explanation-4: -Tencent, a Chinese technology conglomerate, has bought a stake worth USD 264 million (approx. Rs2,060 crore) in Flipkart. Tencent has bought this stake from Flipkart’s co-founder Binny Bansal via its European subsidiary. Flipkart is a Singapore-headquartered e-commerce company having operations in India only.