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$5.7 bn Jio-FB deal to become test case for regulatory, security concerns

Already some trader bodies have raised concerns over sharing the customer data with the Reliance group, which also runs modern retail stores under the Reliance Mart brand

Reliance Jio | Facebook | regulatory structure

Sudipto Dey 

$5.7 bn Jio-FB deal to become test case for regulatory, security concerns
Senior executives of Facebook and Jio, however, sought to allay such fears by highlighting that there was no data-sharing agreement between the two.

Within days of announcing their $5.7-billion deal, JioMart Platforms reportedly kick-started pilot projects in Navi Mumbai, Thane, and Kalyan, testing its WhatsApp-based online shopping portal. It is still early days for the stated objective of the Facebook-Jio deal: Empower 25-30 million small grocery stores to digitally connect and transact with their customers using Facebook’s WhatsApp application.



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First Published: Sun, May 03 2020. 19:39 IST