Table of Contents
Why do people boycott Jio?
Ironically, the boycott comes after Ambani said at the ongoing India Mobile Congress 2020 about the need for strategic policies from the central government, to open up a larger market for telecom operators to access and market their data services in.
Who gave idea of Jio?
Reliance Jio – Company Highlights
Company Name | Jio (Joint Implementation Opportunities) |
---|---|
Headquarter | Mumbai, India |
Sector | Telecommunications |
Founder | Mukesh Ambani |
Founded | 15th February 2007 |
What does Facebook’s deal with Reliance mean for Jio platforms?
Prior to Jio Platforms, Facebook had invested around $20-25 million in social commerce platform Meesho in 2019, and participated in a $110 million funding round for edu-tech company Unacademy earlier this year. The deal with Reliance also gives Facebook access to the latter’s bouquet of digital apps.
What is the Reliance Jio price war all about?
(AT is the parent company of WarnerMedia, which owns CNN.) The billionaire launched Reliance Jio in September 2016 with an irresistible inaugural offer: New customers received six months of free 4G high-speed internet. That triggered a price war, forcing other mobile providers to dramatically slash rates
Why is Facebook investing in Jio?
The investment in Jio is one of the biggest investments Facebook can make, according to Bernstein, and could help the Silicon Valley firm experiment with something akin to WeChat, the popular messaging app in China that is used for everything from booking doctor’s appointments to making digital payments.
How does the reliance-Facebook deal with WhatsApp benefit Reliance Retail?
WhatsApp boasts 400 million users in India. Further, using WhatsApp’s base also allows Reliance Retail to promote its services to users of Jio’s rival telecom players. Also read | Reliance-Facebook deal opens up WhatsApp’s entire user base for Mukesh Ambani What does the deal mean for Facebook?