Google backs Reliance's Jio Platforms with $4.5 billion India investment

NEW DELHI/OAKLAND - Alphabet’s Google will buy a 7.7% stake for $4.5 billion in Jio Platforms, taking a seat on its board alongside another big name backer Facebook to help the digital arm of Reliance Industries realise its lofty ambitions.

The latest investment announced on Wednesday comes just days after Alphabet Inc said it would invest $10 billion in India via a so-called digitisation fund over the next five to seven years through equity deals and tie-ups. The deal with Google will bolster Reliance’s tech ambitions, such as building smart homes, using solutions similar to Amazon.com Inc’s Alexa voice assistant, connected cars and security systems.

Jio Infocomm, the mainstay of Jio Platforms and India’s largest mobile carrier with more than 387 million users, will also widen Google’s reach in a country where just about 500 million of its 1.3 billion population use the internet.

Google is investing in India and doesn’t care about human rights violations in Kashmir. When it comes to Kashmir they’re all blind but thumping chests for HongKong & uyghurs. This hypocrisy of west is exposed

So funny how tech companies get FOMO and they all pile into the same shit

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

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