By Jill Goldsmith Facebook Tuesday announced a $5.7 billion investment in Jio Platforms Limited, part of Reliance Industries, making the social media giant its largest minority shareholder.
In a blog post FB said the sizeable investment “underscores our commitment to India, and our excitement for the dramatic transformation that Jio has spurred in the country.
In less than four years, Jio has brought more than 388 million people online, fueling the creation of innovative new enterprises and connecting people in new ways.
We are committed to connecting more people in India together with Jio.” Tech and media companies are pushing into India, attracted by the sheer size of the market and the rapid adoption of digital technologies.
Read more on deadline.com
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