India's Reliance seen emerging as bigger threat for U.S. firms like Amazon, Walmart

[trent]

https://apple.news/AF7ErhAlDQv6W4f7A0AiYXA

NEW DELHI/BENGALURU (Reuters) - A $20 billion fund raising spree may take India’s Reliance closer to its dream of becoming a digital giant, further threatening the ambitious plans U.S. companies like Amazon, Walmart and Zoom have for India.

Stake sales in Reliance’s digital unit Jio Platforms attracted not just private equity and sovereign wealth funds but also Google and Facebook, a strong endorsement for an enterprise that until a few years ago focussed largely on oil refining.

Some industry watchers equate Reliance’s digital plans - which extend from online shopping and cloud computing to telecom and digital payments - to China’s Alibaba and Tencent, companies Reliance itself calls “global peers”.

Reliance has a track record of disrupting rival businesses. With cheap smartphones and data plans, its telecom venture Jio has in four years dethroned market leaders Vodafone Idea and Bharti Airtel to become the largest telecom operator in India.

On Wednesday, billionaire chairman Mukesh Ambani said Reliance will expand e-commerce platform JioMart - which connects small retailers with consumers - to offer not just groceries but also electronics and fashion goods.

“Jio Platforms not only has the backend infrastructure and development capabilities but also an ever expanding captive consumer base,” said Mayank Vishnoi of Singapore-based financial advisory firm Resfeber International.

[trent]

Konandira reliance shares 🤪😂

[tom bhayya]

[DummyVariable]

Used to be 800-900.

[Ryzen_renoir]

Without government intervention he can never compete with any decent company due to relaince's weak management structure .

JIO ki proper call center ledhu inni years avuthuna , Amazon so far ahead in logistics , technology and customer care that the only thing Ambani can compete is using his political connections . 

 

[DummyVariable]

1 minute ago, Ryzen_renoir said:

Without government intervention he can never compete with any decent company due to relaince's weak management structure .

JIO ki proper call center ledhu inni years avuthuna , Amazon so far ahead in logistics , technology and customer care that the only thing Ambani can compete is using his political connections . 

 

Adanis have better govt support these days ani talk

[Ryzen_renoir]

20 minutes ago, DummyVariable said:

Adanis have better govt support these days ani talk

Rendu kalla sidhantam , iddaru separate sectors lo operate avutharu .  Motham desamantha grip loki vachesthundhi .

These people are now too big to fail , lakhs of crores debt undi between these two organisations . 

[sri_india]