Categories Jio Platforms

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Reliance Jio Platforms tops 400M subscribers, explores expanding services outside of India

Reliance Jio Platforms, the telecom venture run by India’s richest man (Mukesh Ambani), had 405.6 million subscribers in the quarter that ended in September, becoming the first operator outside of China to cross 400 million subscribers in a single-country market. The Facebook and Google-backed telecom operator said its finances have […]

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Netflix to test free weekend-long access in India

Netflix plans to give users in India access to its service at no charge for a weekend as part of a test to expand its reach in the country, a top company executive said Tuesday. The American streaming giant, which today reported slow user growth for the quarter that ended […]

Facebook tests TikTok-style video format on its main app in India

Facebook is going all-in on short-form videos. After flirting with the idea in Lasso, a TikTok-clone it tested in select markets, and adding a similar feature called Reels to Instagram recently, the company is exploring a new venue for this TikTok -esque experience: The big blue app. The company confirmed […]

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Intel to invest $253.5 million in India’s Reliance Jio Platforms

Intel said on Friday it will invest $253.5 million in Jio Platforms, joining a roster of high-profile investors including Facebook, General Atlantic, and Silver Lake that have backed India’s top telecom operator in recent months. The American chipmaker’s investment arm said it is acquiring a 0.39% stake in Jio Platforms, […]

India’s richest man takes on Zoom

India’s Reliance Jio Platforms, which recently concluded a $15.2 billion fundraise run, is ready to enter a new business: Video conferencing. On Thursday evening, the firm — backed by Mukesh Ambani, India’s richest man — formally launched JioMeet, its video-conference service that looks uncannily like Zoom. Like Zoom and Google […]