NEW DELHI — JD.com and Alibaba may be dominating global financial headlines, but the e-commerce action also is heating up in the world’s second-most-populous country.
On Thursday, Flipkart, India’s largest online retailer, acquired fashion and apparel e-tailer Myntra for an undisclosed amount. Myntra in the past has been valued at more than $370 million, while Flipkart has been valued at more than $1 billion.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"