Bloomberg Walmart Inc. looks likely to take the next round in the battle for India’s retail market over rival Amazon.com Inc. Flipkart Online Services Pvt, the country’s leading e-commerce company, is leaning towards selling a controlling stake to the Bentonville, Arkansas-based company, rather than Amazon, because of the greater certainty in such a deal, according to people familiar with the ...

Bloomberg Chinese President Xi Jinping’s promises to open sectors from banking to auto manufacturing were unrelated to US trade complaints and not intended as a response, the country’s foreign ministry said. “I can tell you clearly that China’s announcement of major opening-up measures has nothing to do with the current China-US economic and trade conflicts,” Foreign Ministry spokesman Geng Shuang ...

Bloomberg Xiaopeng Motors, the Chinese car startup that’s backed by Alibaba Group Holding Ltd. and Foxconn Technology Group, plans to raise more than 10 billion yuan ($1.6 billion) this year in a bid to take on rivals in the world’s biggest market for electric vehicles (EV). The company plans to start pre-sales of its first model, the G3 crossover, by ...