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Can Mukesh Ambani take on Chinese giants like Tencent, Huawei and Xiaomi?

Ambani dropped enough hints that last year's plan to sell 20 per cent of his mainstay oils-to-chemicals business to Saudi Aramco was now unlikely

RIL Chairman Mukesh Ambani
premium

Reliance may get saddled with a permanent discount as a holding company of digital, retail and hydrocarbon assets, but the empire could as easily command a premium as India’s undeclared national champion. Illustration: Ajay Mohanty

Andy Mukherjee | Bloomberg
With the $28 billion he’s raised working from home, India’s richest man wants to step into the breach created by the technology cold war between America and China. The two Silicon Valley tech giants that gave him a third of the money will help put him there.

It’s an audacious plan. Politicians in many nations, including the US, the UK, and India, are reluctant to let Huawei, which they accuse of being an instrument of the Chinese state, become embedded in the fast-speed internet networks that will run everything from power stations to autonomous cars.

Ambani’s four-year-old Jio Platforms has