Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Google
Motorola
Indian Space Research Organisation (ISRO)
Smartwatches
OnePlus 10T
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Technology News / Reliance and Facebook could team up for WeChat-like "super app"
Technology

Reliance and Facebook could team up for WeChat-like "super app"

Reliance and Facebook could team up for WeChat-like "super app"
Written by Shubham Sharma
Apr 16, 2020, 07:39 pm 2 min read
Reliance and Facebook could team up for WeChat-like "super app"

Social media giant Facebook and Mukesh Ambani-led Reliance Industries Limited (RIL) could soon team up for a WeChat-like "super app". A report from the Economic Times has revealed the companies are in early-stage talks to bring this program to life and offer people a one-stop-shop for accessing a range of services. Here's all you need to know about it.

App
What this super app would look like?

While the exact details of the app in question are not clear, ET's sources indicate that it would be something like China's WeChat - a multi-functional platform offering communication, payments, gaming, among other things. Now, given the expertise of the two companies, you could expect the super app to offer access to key Facebook products as well as JioMoney, JioMart, AJIO, and more.

Details
WhatsApp and its user-base might also be leveraged

According to people familiar with the matter, Facebook might leverage WhatsApp and its humongous user-base for the new app. However, they all emphasized that the discussions are still ongoing and the specifics of the app or the deal between Reliance and Facebook - which plan to combine funding, technical know-how, and domain expertise for the project - have not been finalized yet.

Quote
New entity could be created or Facebook could invest

"A new company could be created— where both the players could invest; or Facebook could invest in Reliance Jio and Reliance Retail, and that is the way the partnership could be formed for the new venture," a person directly involved in the deal stated.

Reports
Reports of Facebook investing in Reliance have been doing rounds

The talks between the two conglomerates come on the back of a report that suggested Facebook could invest billions in Reliance Jio to take up a 10% stake. "There is going to be a collaboration, but it's not clear how the companies will come together since a lot would depend on commercial viability," one of the above-mentioned sources added.

Comment
No official word on the deal yet

Neither Facebook nor Reliance has commented on the aforementioned deal yet. The companies have appointed top lawyers and consultants to explore all aspects of the deal but the negotiations have been delayed due to COVID-19 and might take longer to be finalized. "The priority for Reliance Retail right now is to keep stores running so that consumers get supplies," the sources emphasized.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Shubham Sharma
Shubham Sharma
Twitter
Editor with over five years of experience in covering all things science, consumer tech, space tech, AI, infosec, and business. A commerce graduate from University of Lucknow. I have been handling Tech beat at NewsBytes since 2018.
Latest
Facebook
WhatsApp
WeChat
Reliance
Reliance Jio
Latest
Urvashi Rautela-Rishabh Pant's war-of-words: The what, why and when
Urvashi Rautela-Rishabh Pant's war-of-words: The what, why and when Entertainment
Xiaomi Pad 5 Pro (12.4-inch) debuts as company's biggest tablet
Xiaomi Pad 5 Pro (12.4-inch) debuts as company's biggest tablet Technology
'Laal Singh Chaddha,' 'Raksha Bandhan': Box office Day 1 collections
'Laal Singh Chaddha,' 'Raksha Bandhan': Box office Day 1 collections Entertainment
With 2,726, Delhi reports highest COVID-19 cases in 7 months
With 2,726, Delhi reports highest COVID-19 cases in 7 months India
Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Tether, XRP
Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Tether, XRP Business
Facebook
Garena Free Fire MAX August 12 codes: How to redeem?
Garena Free Fire MAX August 12 codes: How to redeem? Technology
Here's how to redeem Free Fire MAX's August 11 codes
Here's how to redeem Free Fire MAX's August 11 codes Technology
Free Fire MAX: How to redeem the August 10 codes?
Free Fire MAX: How to redeem the August 10 codes? Technology
How to redeem Garena Free Fire MAX's August 9 codes?
How to redeem Garena Free Fire MAX's August 9 codes? Technology
Vladimir Putin's statue in NYC shows him playing war games
Vladimir Putin's statue in NYC shows him playing war games World
More News
WhatsApp
WhatsApp brings screenshot blocking, hiding online status, and more features
WhatsApp brings screenshot blocking, hiding online status, and more features Technology
New WhatsApp feature: Delete sent messages even after 2 days
New WhatsApp feature: Delete sent messages even after 2 days Technology
WhatsApp tests hiding phone numbers from sub-groups in Communities
WhatsApp tests hiding phone numbers from sub-groups in Communities Technology
Delhi-NCR folks can book Uber rides via WhatsApp: Here's how
Delhi-NCR folks can book Uber rides via WhatsApp: Here's how Business
WhatsApp India banned over 22 lakh 'bad accounts' in June
WhatsApp India banned over 22 lakh 'bad accounts' in June Technology
More News
WeChat
China bans Tencent Holdings from updating and releasing new apps
China bans Tencent Holdings from updating and releasing new apps Technology
Biden administration revokes Trump-era orders against TikTok and WeChat
Biden administration revokes Trump-era orders against TikTok and WeChat Business
Biden slams brakes on Trump's TikTok and WeChat bans
Biden slams brakes on Trump's TikTok and WeChat bans Business
Indian Government will continue ban on PUBG and TikTok
Indian Government will continue ban on PUBG and TikTok Technology
Chinese citizen journalist jailed for four years over coronavirus reportage
Chinese citizen journalist jailed for four years over coronavirus reportage World
More News
Reliance
Sensex slips to 55,766 points, Nifty settles at 16,631
Sensex slips to 55,766 points, Nifty settles at 16,631 Business
Sensex gains over 425 points, Nifty reaches near 16,500 mark
Sensex gains over 425 points, Nifty reaches near 16,500 mark Business
Sensex closes at 55,769.23 points, Nifty settles below 16,600 points
Sensex closes at 55,769.23 points, Nifty settles below 16,600 points Business
Gautam Adani joins $100 billion club, surpasses Mukesh Ambani
Gautam Adani joins $100 billion club, surpasses Mukesh Ambani Business
Amazon succeeded in 'destroying' us: Future Retail tells Supreme Court
Amazon succeeded in 'destroying' us: Future Retail tells Supreme Court Business
More News
Reliance Jio
5G auction ends: Looking at bids of Jio, Airtel, Adani
5G auction ends: Looking at bids of Jio, Airtel, Adani Business
5G spectrum auction: Reliance Jio emerges as top bidder
5G spectrum auction: Reliance Jio emerges as top bidder Business
5G auction: Day 1 bids exceed Rs. 1.45 lakh crore
5G auction: Day 1 bids exceed Rs. 1.45 lakh crore Business
India's 5G auction starts: Reliance Jio, Airtel, Adani among bidders
India's 5G auction starts: Reliance Jio, Airtel, Adani among bidders Business
Adani joins 5G race; will compete with Reliance Jio, Airtel
Adani joins 5G race; will compete with Reliance Jio, Airtel Business
More News
Next News Article
Next News Article

Love Technology news?

Subscribe to stay updated.

Science Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022