Tag: Jo Platforms

Facebook takes 10% stake in India telco Jio Platforms

Facebook is investing US$5.7 billion or a 9.99 percent stake in India’s Jio Platforms. A wholly-owned subsidiary of Reliance Industries, Jio will use the new invesment to pursue new opportunities for businesses of all sizes, especially small merchants, micro-businesses and farmers, and create digital ecosystems that will empower, enrich and uplift the lives of all 1.3 billion Indians.