Jio Platforms has only been around in its current form since November, yet the digital arm of oil-to-retail giant Reliance Industries – whose chairman Mukesh Ambani is India’s richest man – has attracted almost US$13.5 billion in investment in the past eight weeks alone. As a wholly owned subsidiary, it was created to comprise Reliance’s telecoms division Jio Infocomm – the third largest mobile network operator in the world – as well as its music and video streaming apps. Will Facebook make…
from South China Morning Post https://www.scmp.com/week-asia/economics/article/3089295/india-facebook-led-investment-spree-mukesh-ambanis-jio
Wednesday, June 17, 2020
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