Jio and Facebook to accelerate India’s $5 trillion economy push

[DaiGurenMK42]

Summary

Facebook is accelerating it's push in Indian market to help transition small businesses to digital.

Quote

Zuckerberg revealed that 15 million out of the 50 million merchants using WhatsApp for Business globally are in India, and the Facebook-Jio partnership will further "impact this segment".

 

 

 

Quotes

Quote

The Facebook CEO was in conversation with Mukesh Ambani, Chairman & Managing Director, Reliance Industries, at the Facebook Fuel for India 2020 event.

 

“With more than 60 million small businesses and millions of people around the country relying on them for jobs - these small businesses form a big part of what our partnership with Jio can serve here. This is especially important because small businesses in India will be a key part of the global economic recovery going forward. And we're focused on making sure we build the best tools for them,” he added.
 

 

 

My thoughts

Deals like this that are happening in African and Asian countries will affect the world and are important to pay attention to. Google, Microsoft and others are actively investing in developing markets. After Facebook purchased WhatsApp for industry record amounts, the plan to monetize it is being made true soon. WhatsApp usage started in India due to it's original ability to postpone sending messages until later like when access to data was possible. Since then it has skyrocketed.

 

Sources

https://economictimes.indiatimes.com/small-biz/sme-sector/jio-and-facebook-to-accelerate-indias-5-trillion-economy-push-mukesh-ambani/articleshow/79736415.cms

 

https://marketrealist.com/2020/03/facebook-jio-talks-everything-you-should-know/

 

https://www.firstpost.com/tech/news-analysis/mark-zuckerberg-mukesh-ambani-discuss-whatsapp-jio-impact-future-of-tech-in-india-read-full-transcript-9113971.html

 

https://yourstory.com/2020/12/mukesh-ambani-facebook-fdi-india-reliance-jio-investment

 

 

[RedRound2]

5 hours ago, DaiGurenMK42 said:

WhatsApp usage started in India due to it's original ability to postpone sending messages until later like when access to data was possible

What? Since when? In my place, WhatsApp became dominant just because it was fully compatible cross platform when the only competition back then was Apple only iMessage and whatever of the 25 different messaging apps google had at the time.

 

IMO Telegram is better, but WhatsApp has become just too dominant, and besides I think Zuckerberg would've bought Telegram if it was as popular as WhatsApp. So I guess it wouldn't make any difference