Wal-Mart answer to Amazon
Wal-Mart is advancing with 5 new partnerships during the past 60 days. The company is pushing forward to expand its revenue streams, logistics and products offering. We have not seen these amount of partnership agreements in a just short period for a big company such Wall mart. Perhaps, this is the answer to Amazon expansion into grocery and discretionary products category.
Last week, Walmart confirmed that it worked with Microsoft to make a bid for TikTok’s US business to compete with Amazon, particularly in advertising.
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