Walmart's stock had its worst day in 30 years the last time it answered to Wall Street analysts. Walmart's (WMT) stock is down 13% on slower-than-expected online sales growth for the last three months of 2017. It will take years for Flipkart to become profitable, but Walmart believes it can tap into India's $200 billion online market. Customers that shop Walmart both through stores and online spend nearly twice as much as those who only make purchases in stores, McMillon says. Walmart's stores give it a leg up in the race, according to Cowen analyst Oliver Chen.

Source: CNN May 16, 2018 16:16 UTC