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Wednesday, 22 April 2020

Facebook invests $5.7B in Indian carrier Jio

Facebook has announced it has invested $5.7 billion in Jio Platforms, part of the wider portfolio of the Indian conglomerate Reliance Industries. According to a blog post by the social media, the major reason behind the deal that made Facebook the largest minority shareholder is to combine JioMart and WhatsApp powers to "enable people to connect with businesses, shop and ultimately purchase products in a seamless mobile experience". Facebook shared this image of a family, using WhatsApp to reach new customers for its textile business Having an IM platform go beyond its chat...



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