Facebook’s $5.7 billion bet on Indian giant Jio spells trouble for Amazon and Flipkart

Facebook’s $5.7 billion bet on Indian giant Jio spells trouble for Amazon and Flipkart


Facebook’s major bet on Jio Platforms could create a headache for mobile payments services that have amassed tens of millions of users while struggling to find a business model in the world’s second-largest internet market. The $5.7 billion investment, Facebook’s second-largest to date, could also further its dominance in India — its biggest market by […]


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April 23, 2020 at 05:00AM

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