Walmart paid $16 billion for a web site? Insane.
Walmart already has their own website. What is the point in buying another website, with different name, for 16 billion? Indians can just go shop at www.walmart.com.
Walmart overpaid. If I were a shareholder, I would not be happy.
While Walmart beats Amazon hands down on retail outlets, it also offers an in store experience that engages the same visceral feelings prompted by the carnival. Lots of colors, lots of stuff visually. How that will work in the future remains to be seen. Walmart still regularly continues its earnings history.
There may not be much more potential left in the US market. Thus India is a good play especially at a time when China has not been playing nice.