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Flipkart Dominates Walmart International’s Ad Biz Growth In Q1

  • Flipkart led the growth of parent Walmart international's ad business in Q1 with a significant contribution.
  • Walmart International's operating income declined slightly due to strategic growth investments in Flipkart, Walmex, and Canada.
  • Walmart expressed pride in the progress made by Flipkart and its confidence in strengthening quick commerce business in India.
  • Flipkart plans to limit the expansion of its quick commerce platform, Minutes, to focus on major markets like Delhi NCR, Mumbai, and Bengaluru.

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