WAL-MART announced last week that it would buy 77% of Flipkart, the top e-commerce company in India, at a price of $16 billion. "We believe that the e-commerce market in India will grow to 21% US $202 billion over the next 10 years.AmazonOr can occupy 35% of the market share... This means that Amazon's India is currently worth $16 billion, "analyst Mark May said in a report to its customers on Thursday." in short, we not only believe that investors still underestimate the value of Amazon's existing emerging international retail market business, but also underestimate the company's recent investment in international expansion. Speed and value. "
A valuation of $16 billion has already cost Amazon India more than S.
Mark reiterated his target price of Amazon shares - $1900, up 20% from Thursday's closing price.
The analyst also pointed out that Amazon has committed to invest $5 billion to develop its business in India. India, with a population of 1 billion 300 million, is the second largest country in the world.
"Amazon's investment in India is in line with a long-term success strategy," he said. "For example, the company has actively deployed its distribution network in the India market to serve third parties and consumers."