Reliance Jio shaping up to be India’s Alibaba
As Mukesh Ambani build Jio from his decades-long understanding of India’s low-cost bargain-hungry consumers, amidst all the moves, getting it right is key because Reliance now casts itself as a technology and retail company. Its start was from textiles into petrochemicals and oil refining. — A few years ago, Reliance Jio entered the already overpopulated red-ocean of the telecom sector. They obliterated everyone with their ultra-low-cost data plans and free voice calls, resulting in them becoming the country’s largest wireless operator with a subscriber base of 400 million.