Welcome to Five at Five, your late look at some of the freshest payments news of the day. Today’s stories include Walmart’s investment in Indian eCommerce operator Flipkart. Other items offer news about Alibaba’s profit problem, Google I/O, new Groupon deals and how facial recognition...
May 10, 2018
Online marketplace eBay announced on Wednesday (May 9) that it plans to sell its stake in Flipkart, the India-based eCommerce retailer that was sold to Walmart earlier Wednesday. In a press release, eBay said it notified Flipkart and Walmart of plans to sell its holdings in Flipkart, which will give the company gross proceeds of about $1.1 […]
