You are here: Home » Companies » News
Covid-19 impact: Q4 shows digital, consumer are RIL's new core businesses
'Pay now, check in later': Hotels offer incentives to tide over Covid-19
Business Standard

$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

Topics
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.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

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

.