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

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Home Blogs > Business
Apr 22 '20 | By oiam2companyadmin | Views: 49 | Comments: 0

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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.
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Source: https://www.reuters.com/article/us-facebook-reliance-jio/facebook-invests-5-7-billion-in-reliance-unit-plans-digital-services-for-indian-grocers-idUSKCN22404I?feedType=RSS&feedName=businessNews

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