Facebook invests $5.7 billion in Reliance unit to reach small Indian grocers
https://www.reuters.com/article/us-facebook-reliance-jio/facebook-invests-5-7-billion-in-reliance-unit-to-reach-small-indian-grocers-idUSKCN22404I
Facebook will spend $5.7 billion for 10% of Reliance Industries's digital business, as the social media firm looks to leverage its popular WhatsApp messenger to offer digital payment services to small grocers in India.
Facebook invests $5.7 billion in Reliance unit to reach small Indian grocers
Apr 22, 2020, 7:17am UTC
https://www.reuters.com/article/us-facebook-reliance-jio/facebook-invests-5-7-billion-in-reliance-unit-to-reach-small-indian-grocers-idUSKCN22404I
>Facebook will spend $5.7 billion for 10% of Reliance Industries's digital business, as the social media firm looks to leverage its popular WhatsApp messenger to offer digital payment services to small grocers in India.