The Relative Balance of Amazon and Walmart

Amazon came in in India in 2013, started really investing heavily in 2014-15. We took them very seriously. It was almost an existential threat but we knew that we... They had your attention. And so it took sort of jostling for about a couple of years between the two of us and then nothing ... Where is that now? What is the relative balance? After a lot of share. Settle somewhat like 60, 40, 60 as 40 sort of Amazon.