Having an IM platform go beyond its chat capabilities is no news in the mobile world. The Chinese giant Tencent is the owner of WeChat - a massive platform that allows over a billion users to communicate, purchase online, or even make offline payments.
"Reliance Industries Limited, Jio Platforms Limited and Facebook, Inc. today announced the signing of binding agreements for an investment of Rs43,574 crore by Facebook into Jio Platforms,"Facebook investing in the Indian market is no surprise - WhatsApp currently has over 400 million users in the country. David Fischer, Chief Revenue Officer, and Ajit Mohan, VP and Managing Director in India, revealed some numbers - in less than four years, Jio has brought more than 388 million people online, and in just the past five years over half a billion of people have gained access to the internet.
RIL said in a statement on Wednesday.