The filings come after antitrust investigations concluded in August found Amazon and Flipkart, some of their sellers and smartphone brands, violated local competition laws
Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters.
The tech giant will join in as an investor in the latest funding round for the Bengaluru-based company
A Walmart spokesperson confirmed the transaction in an emailed response to Reuters but did not comment on financial details of the deal.
The filings come after antitrust investigations concluded in August found Amazon and Flipkart, some of their sellers and smartphone brands, violated local competition laws
Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters.
The tech giant will join in as an investor in the latest funding round for the Bengaluru-based company
A Walmart spokesperson confirmed the transaction in an emailed response to Reuters but did not comment on financial details of the deal.
