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Walmart CEO in Israel to meet with Israeli startups

The multinational retail chain recently acquired Israeli startup Aspectiva Ltd., a Tel Aviv-based product-review insight firm.

By JNS.org

Walmart CEO Doug McMillon is in Israel this week along with a group of senior executives, reported the Israeli financial news site Calcalist, citing several sources familiar with the matter, who said the delegation met with Israeli officials and startups.

The multinational retail chain recently acquired Israeli startup Aspectiva Ltd., a Tel Aviv-based product-review insight firm. In recent months, Walmart announced investments in other Israeli startups.

In October, the retailer said it would invest reportedly $300 million in “interactive multimedia video creation and distribution firm Eko” to create “an original interactive content venture,” reported Calcalist.

That same month, the U.S. company became an investor in Team8 LLC, a think-tank and company creation platform.

Finally, Walmart might invest in the Israeli food-processing company the Strauss Group Ltd., according to the Israeli financial news site and print outlet Globes.