April 22 - 10:04
Facebook pumps $5.7 billion into Jio Platforms
Facebook has paid $5.7 billion for a minority stake in Jio Platforms, the telco that has revolutionised communications in India. It believes the combination can help Indian citizens and businesses be more efficient in the digital economy. Facebook has more WhatsApp users in India than in any other country. Reports suggest they want to work with Jio on a WeChat-style “super-app” for India.
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