Walmart Not Surprised with Facebook Investment into Reliance Jio
The entry of Facebook into the Indian retail market through an investment into Jio Platforms is “not surprising,” Brett Biggs, CFO of Walmart, said in the 36th Annual Bernstein Strategic Decisions Conference on Wednesday. Biggs said that the Indian market is “competitive” and that the country with a population of 1.3 billion people is “going to attract a lot of investment.” In April, Reliance Industries said that the Facebook would... Read More
