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Jio tied-up with Facebook, Google
June 04, 2021
Reliance Industries has said that “strategic initiatives” to be carried out by its digital unit Jio in association with US majors Facebook and Google will additionally improve its consumer service offerings.
“In the following leg of its growth story, Jio is focused on democratizing digital services and improving client experience through creative platforms and services,” RIL said in its yearly report delivered on Wednesday.
Facebook-owned WhatsApp is teaming up with JioMart, Reliance’s etail adventure, while Jio Platforms, the digital unit of the refining-to-retail-to-telecom combination, is collaborating with Google to create moderate 4G and even 5G cell phones.
A year ago, Facebook and Google purchased 9.99% and 7.73% stakes in Jio Platforms for almost ₹43,574 crore and ₹33,737 crore separately.
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