Reliance Jio-Facebook has right building blocks to create WeChat-like ‘Super App’: Report

The India internet market share is likely to shift in favour of Reliance Industries Limited (RIL), in part due to Facebook’s traffic dominance and this partnership has the right building blocks to create a WeChat-like ‘Super App’, said Goldman Sachs in a research report.

“We believe the recent Reliance Industries (RIL) and Facebook partnership could increase monetization levels of India internet, and garner 25% of all internet Gross Transaction Value (GTV) by FY25,” Goldman Sachs said.