Facebook and Reliance Jio are Launch Super App: Reliance Industries, which is transforming the telecom sector with social media King Facebook and Jio, is working on a new mobile application. According to reports, Facebook and Mukesh Ambani’s company Reliance Industries are teaming up to create a multi-functional app that will feature digital payments, social media, gaming as well as flight and hotel booking. If you look at its features, then it may look similar to the Chinese application WeChat.
Facebook and Reliance Jio are Launch Super App in Future
Earlier last year, Reliance Industries (RIL) had announced in October to form a new subsidiary to bring all its digital services and apps under one unit and invest Rs 1.08 lakh crore in this new unit.
Let us know that earlier a report claimed that social media company Facebook is planning to take 10% stake in Reliance Jio, the country’s largest telecom company. Facebook through its subsidiary WhatApp can easily use the user base and the subscriber base through Reliance Jio.
For example, this application can allow you to shop for clothes from ajio, com, groceries of Reliance Retail Store and payment from JioMoney.
According to a Financial Times report, Facebook is considering taking Reliance Jio’s stake in billions of dollars. Analysts at Barnstine have valued Reliance Jio at $ 60 billion. Reliance Jio and Facebook have not responded to this report. The international newspaper said that the deal could be delayed by the lockdown.