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April 22, 2020 07:30 pm GMT

Facebooks $5.7 billion bet on Indian giant Jio spells trouble for Amazon and Flipkart

Facebooks major bet on Jio Platforms could create a headache for mobile payments services that have amassed tens of millions of users while struggling to find a business model in the worlds second-largest internet market. The $5.7 billion investment, Facebooks second-largest to date, could also further its dominance in India its biggest market by […]

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