Walmart is negotiating to acquire a majority stake in Flipkart, India’s leading e-retailer; sources say the deal could “be announced soon” although “exact terms are not yet final and the talks are fluid.” Flipkart would be valued at $20 billion, according to two of the sources, and Walmart hopes to purchase at least a 60 percent stake in the company. Although buying a majority stake in Flipkart would open up a vast new market for Walmart, which is in heated competition with Amazon, some analysts say the move is risky. Continue reading Walmart in Talks to Buy Into Indian E-Commerce Site Flipkart

WalmartLabs has upped its credibility as a technology provider and taken a swipe at Amazon by opening its OneOps cloud platform to all comers. The OneOps source code will be uploaded to code repository GitHub by the end of the year. By doing so, Walmart hopes to increase competition with Amazon Web Services and offer developers an option to AWS’ dominance. Walmart touts OneOps advantages as “cloud portability, continuous lifecycle management, faster innovation, and great abstraction of cloud environments.” Continue reading WalmartLabs Offers Its Open Source Cloud Platform to Public

Artec, a Luxembourg-based 3D scanning company, began shipping 3D body scanners that capture every detail of individuals before allowing users to order mini replicas of themselves. The Shapify Booth, featuring multiple rotating scanners, captures the image in around 12 seconds. During a one-week test, 1,000 people were scanned so that replicas could be created. The results led to the Walmart-owned U.K. supermarket chain Asda to purchase 10 booths, which cost $180,000 each.  Continue reading Artec Ships 3D Body Scanning Booths for Replicas and More

Nintendo reported that it sold only 160,000 units worldwide of its Wii U gaming device during the second quarter of this year, for a total of 3.61 million. By comparison, Microsoft’s Xbox 360, first debuted in 2005, sold 140,000 units in June alone. The video game company reported a loss of $50 million by the end of the second quarter, which follows losses in the two previous fiscal years. Analysts recommend that Nintendo bring its games to other platforms, namely mobile devices.  Continue reading Nintendo: Will Mobile Help Offset Disappointing Wii U Sales?