“IN GLOBAL ECOMMERCE, we will not just be competing,” Mike Duke, the chief executive officer of Wal-Mart Stores, promised at the retailer's annual meeting earlier this month. “We will play to win.” Wal-Mart's ambitions in cyberspace were illustrated earlier this year when the company shelled out an estimated $300 million to acquire Kosmix.com, a Silicon Valley-based start-up company that aggregates data so as to organize various Web content including ...

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