Jio partnership to build similar products around the world: Mark Zuckerberg

SAN FRANCISCO : Facebook’s over ₹43,000 crore investment in Jio Platforms will help the social networking giant build similar products for the other key markets around the world, according to CEO Mark Zuckerberg.

Facebook, which has long been striving to enter the big club of the ecommerce world, has chosen India in a significant move to begin its global ecommerce journey with investing $5.7 billion (approx. ₹43,574 crore) in Reliance Jio, sounding the bugle to take on ecommerce behemoth Amazon and Walmart in the long run.

“Certainly all the products and technology that we’re building to enable that (Jio) partnership are going to be things that we want to do around the world. So we’re very excited about working with them to drive this vision forward and then extending it everywhere over the coming months and years,” Zuckerberg told the analysts during an earnings call late Wednesday.