Facebook is to be congratulated on another overseas investment. Trying to seek a broader foothold in the global market, Facebook has stepped up its expansion in the East and has become the largest minority shareholder of India's popular mobile Internet service Jio Platforms. Facebook has agreed to invest $5.7 billion for a stake in the Indian telecom operator which is the biggest deal since its purchase of WhatsApp. “The collaboration with Facebook will give Jio a significant advantage on product and technological fronts to keep competitors miles away and grab a larger wallet share of consumers across domains - telecom, payments, retail,” Dolat Capital Market Pvt noted. According to experts, this is an unusual bet for Facebook which has made a number of exceptions for its Indian campaign. This primarily suggests that Zuckerberg sees enormous potential in India, which, unlike China, is an open market. For quite a long time, the founder of Facebook has been planning to launch a digital currency in India, as well as tools that allow users to make payments and buy or sell products through the social network’s messaging services.
