Last week, Facebook announced a $5.7b investment for a 9.9% stake in Jio Platforms (an entity which owns Jio’s mobile service, the broadband internet service and a slew of apps and products, the largest being the JioSaavn music app). Context: Jio is India’s largest mobile telco with 388m subscribers; it reached market dominance in the short span of 3+ years and has reshaped the Indian digital sphere with its superlow …
Retail
In the Shadow of Amazon: Offline, Online and the Rise of Online-going-Offline Retail
It is now just over 20 years since Amazon had its IPO, setting it off on the path to e-commerce dominance and well over $500b in market cap. In these 20 years, Amazon, and its peers expanded across categories, from books and electronics to fashion and even grocery. And in parallel, a ruthless focus on shaving off delivery times and cost ensued, helping reduce buying friction and making online buying …