From Jio to ByteDance, KKR bets on Asia's 'local' tech champions

From Jio to ByteDance, KKR bets on Asia's 'local' tech champions

REUTERS/Brendan McDermid

While investors and executives in Asia were still scrambling to deal with the new coronavirus outbreak in May, U.S. investment company KKR struck its biggest deal in Asia: a $1.5 billion investment in Jio Platforms, a newly established digital services arm of Indian conglomerate Reliance Industries.

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