Yesterday, Facebook announced a $5.7 billion Investment in Reliance Jio.
This Could be a threat to many other companies like Amazon, Netflix, Fintech Startups (Phonepe, Paytm, and GPay).
Jio had spent $3 billion dollars to acquire dozens of Companies in the last one year including Saavan, Haptik, Nowflots, etc.
Jio has more than 388 million users, which is highest among all Indian telecom companies.
And Facebook was also desperate to make a big move in India but it had failed previously with Net neutrality. So by Investing in Jio, It could do what they wanted 3 years back.
Jio has been working on a super app like WeChat and Indian apps like Paytm or Phonepe.
Facebook sees plenty of opportunities with Jio. India is a large market for Facebook; more than 400 million people in the country use WhatsApp, its global messaging service, while more than 300 million people use the company’s core social network.
WhatsApp has worked for years to build tools for small businesses and has dabbled in payment systems, while Facebook has also invested in creating digital storefronts for entrepreneurs to sell goods and services online.
By bringing together JioMart, Jio’s small-business initiative, with WhatsApp, they can enable people to connect with businesses, shop and ultimately purchase products in a seamless mobile experience.
More recently, Facebook has been at loggerheads with the Indian government over WhatsApp. The government has demanded that WhatsApp change its encryption to trace messages back to their source, which WhatsApp has refused to do.
At the same time, regulators have repeatedly delayed WhatsApp’s request to offer a payment service to its Indian users.
Ambani has also been the most powerful corporate voice urging regulators to take an India first approach that favors companies like Facebook and Amazon.
But this partnership can bring life to Whatsapp pay in India.
If it is true then Jio will enter in E-commerce and Media Industry using Jiomart and Jio Tv enabled by Whatsapp Pay.
Which is the biggest threat to Amazon, they will become head to head competitors Because of Prime Videos and Amazon E-commerce.
Jio has ambitions to take on Amazon in e-commerce, run data centers, provide fiber internet to homes and businesses and set up new services like telehealth and distance learning
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