Jio का बड़ा धमाका - खुशख़बरी 23 April 2020 | Jio New Super App | Make In India
106Jio का बड़ा धमाका - खुशख़बरी 23 April 2020 | Jio New Super App | Make In India
#Jio #Facebook #MukeshAmbani #Breaking
Is the Jio-Facebook deal bad news for Bharti Airtel and Vodafone Idea ?
investors seem enthused about the mega deal between Facebook Inc. and Jio Platforms Ltd and its implications for India’s telecom industry.
While shares of Jio’s parent, Reliance Industries Ltd, have risen by over 10%, even the stocks of Bharti Airtel Ltd and Vodafone Idea Ltd were trading higher. “Premium valuations and massive investments in Jio Platforms is sentimentally positive for Bharti and Vodafone Idea for future investments by other players, if any," analysts at Dolat Capital Market Pvt. Ltd said in a note.
Facebook and Jio made a big announcement on April 22. Big in numbers, big in potential impact. Facebook said that it was investing $5.7 billion in Reliance Jio, acquiring 9.99 per cent stake in the process and valuing Jio at $65.95 billion. Big numbers. The plans from Jio and Facebook will surely unfold in future but for now, it seems that the whole partnership is aimed at making WhatsApp, which is owned by Facebook, a sort of super app where users will not only be able to chat but will also be able to buy their groceries or pay for their haircut.
In a way, it seems that Facebook and Jio hope to turn WhatsApp into what WeChat is in China, by integrating WhatsApp with JioMart, which is a Jio service aimed at bringing local kirana stores to online.
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Jio का बड़ा धमाका - खुशख़बरी 23 April 2020 | Jio New Super App | Make In India