Facebook announces $5.7b investment in India's Reliance Jio

Photo by Kon Karampelas on Unsplash

Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd’s telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited.

The social media giant said it would focus on collaborating its messaging platform WhatsApp with Reliance’s e-commerce venture JioMart to enable people to connect with small businesses.

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