Facebook invests $5.7 billion in Reliance unit, plans digital services for Indian grocers

Facebook invests $5.7 billion in Reliance unit, plans digital services for Indian grocers

4 years ago
Anonymous $9CO2RSACsf

https://www.reuters.com/article/us-facebook-reliance-jio/facebook-invests-5-7-billion-in-reliance-unit-plans-digital-services-for-indian-grocers-idUSKCN22404I

Facebook will spend $5.7 billion to take just under 10% of Reliance Industries' digital unit, seeking to roll out services for India's grocers and other small businesses by capitalising upon WhatsApp's already extensive reach within the country.

Facebook invests $5.7 billion in Reliance unit, plans digital services for Indian grocers

Apr 22, 2020, 12:26pm UTC
https://www.reuters.com/article/us-facebook-reliance-jio/facebook-invests-5-7-billion-in-reliance-unit-plans-digital-services-for-indian-grocers-idUSKCN22404I >Facebook will spend $5.7 billion to take just under 10% of Reliance Industries' digital unit, seeking to roll out services for India's grocers and other small businesses by capitalising upon WhatsApp's already extensive reach within the country.