Facebook invests in India telecom giant Jio for e-commerce

Facebook invests in India telecom giant Jio for e-commerce

4 years ago
Anonymous $9CO2RSACsf

https://apnews.com/b768231ccc628461eae11b988115049b

NEW DELHI (AP) — Facebook says it plans to invest $5.7 billion in India’s telecom giant Reliance Jio.

The investment will give Facebook a 9.99% stake in Jio Platforms, the digital technologies and app developing division of Reliance Industries. Reliance Jio has the highest number of customers in the country, and plans to roll out an e-commerce business using WhatsApp.