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Opinion | RIL’s ‘phygital’ commerce may give Zuckerberg the desired foothold in India

India economy Government WhatsApp Coronavirus
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Jio could be best-suited to try the popular ‘superapp’ model in India with WhatsApp When naming his telecom foray in 2016, Mukesh Ambani chose the mirror image of OIL, the commodity that has made him India’s richest man.

In hindsight, Jio was a good choice. The week that oil prices turned negative, the refining tycoon won a $5.7 billion investment from Facebook Inc.

for his digital assets, Jio Platforms Ltd. Like his wordplay, the performance has proven the opposite of the original. The 10% stake values the business at a 47% premium over the $45 billion estimated last year by CLSA Ltd.

That appears rich, considering that Ambani has yet to demonstrate how he’s going to make money from his 400 million telco customers—roughly the same number

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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