NewsFacebook sets up new entity to acquire stake in Reliance’s Jio PlatformFacebook and Reliance have filed an application to CCI for an approval. 2 mins read
It’s Facebook’s first investment in an Indonesia-based business as it seeks to create new opportunities for its ubiquitous WhatsApp service. NewsFacebook and PayPal make investment in Indonesia’s Gojek, joining Google and Tencent2 mins read
Reliance Industries’ mad run to raise funds continues. Jio Platforms total funding crossed USD 10 billion. NewsReliance further dilutes Jio Platforms’ equity as KKR invests USD 1.5 billion3 mins read
General Atlantic is the fourth investor to come on the cap table of Jio Platforms in the past four weeks. NewsGeneral Atlantic to invest USD 870 million in Reliance’s digital arm, Jio Platforms3 mins read
Temasek entry comes after a number of major international payment companies pulled out of the project. NewsSingapore’s Temasek joins Facebook-backed Libra Association2 mins read
Mukesh Ambani has been on the mission to cut Reliance’s USD 21.4 billion net debt. NewsThree weeks, three investments: Vista Equity Partners follows Facebook and Silver Lake to invest in Reliance3 mins read
Facebook bought a 9.99% stake in Reliance’s Jio Platforms for USD 5.7 billion. OpinionIs it really WhatsApp’s WeChat moment in India right now?6 mins read
The social network is reportedly preparing to apply for a license in , to launch mobile payments in partnership with Ovo, GoPay, and LinkAja. InsightsFacebook Pay can boost financial inclusion in Indonesia, says analyst4 mins read
On Tuesday, Ambani’s net worth had nosedived by USD 14 billion—the biggest such fall of an Asian billionaire—due to the eroding crude oil prices. NewsReliance chairman Mukesh Ambani replaces Jack Ma as Asia’s richest man post Facebook’s investment2 mins read
NewsDeals in brief: SeaTown to invest in Linnovate Partners, South Korea’s DeepX completes Series C round, Tjufoo and Sinbad set to merge, and more
