Asia’s richest man outlines plan to take on Amazon


Ambani: Jio and Reliance Retail will launch a unique new commerce platform. — AP

BANGALORE: Reliance Industries Ltd will roll out its online shopping platform to 1.2 million retailers and store-owners in western India, sketching out an ambitious plan to take on Amazon.com Inc and Walmart Inc’s Flipkart on its home turf.

Mukesh Ambani, Asia’s richest man, intends to take on the world’s largest retailers by combining his Jio telecom service, mobile devices and a vast physical retail network.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , reliance

   

Next In Business News

Industrial projects look increasingly attractive
Protecting trade is protecting yourself
Fed dampens hopes for rate cut
F&N to use cost management measures
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing
Rents for luxury homes in Singapore jump in 1Q amid wider slump
WTK to buy 15% stake in Durafarm

Others Also Read