Why Facebook invest in Reliance Jio Platforms with Tim Culpan
Analyse Podcast16 Touko 2020

Why Facebook invest in Reliance Jio Platforms with Tim Culpan

In episode 325, Tim Culpan from Bloomberg joined us to dissect the most important deal that rocked the Asian business and technology landscape with Facebook investing 5.7B into Reliance Jio. We began the conversation with Tim to set the context behind the deal and what both Facebook & Reliance Jio Platforms stand to gain from this partnership and their ambitions to win the market with a super app concept that is now popular in China & Southeast Asia. Tim also examined the implications to what it means for the Chinese technology giants from Alibaba to Xiaomi in India and the US technology giants such as Google and Amazon. Last but not least, Tim discuss the recent debacles which SoftBank faced with their investments and whether there is a silver lining for the Vision Fund.

Here are the interesting show notes and links to the discussion (with time-stamps included):

  • Tim Culpan (@tculpan, Linkedin, Bloomberg), Columnist at Bloomberg [0:29]
    • Since our last conversation, what have you been up to? [1:23]
  • Facebook investment in Reliance Jio and its impact on India [2:39]
    • Ref: Facebook and Ambani Can Be Happy Together by Tim Culpan and Why Facebook is betting big in India by Ravi Agrawal (Source: Foreign Policy)
    • To start, Facebook has invested $5.7 billion for a 9.99% stake in India’s Reliance Jio Platforms, a three-and-a-half-year-old subsidiary of the nation’s most valued firm, Reliance Industries, and the biggest telecom operator in the country with more than 370 million subscribers and valued Jio at a pre-money valuation of $65.95 billion, makes Facebook the largest minority shareholder in the Indian telecom network.
    • To help our audience to start the conversation, what does the telco Reliance Jio do and why they are influential in the India telco market? (Note: Mukesh Ambani is the richest tycoon in India - see AA episode 264 with James Crabtree who profiled him and his family in the book “The Billionaire Raj”)
    • What is Jio Platforms and Mukesh Ambani, the person behind Jio Platforms and his ownership of Reliance Industries, the largest Indian conglomerate. [4:38]
    • Why did Facebook invest in Jio? [6:58]
    • How will Facebook extend its influence of its platform (and we include Whatsapp and Instagram) across India through this investment in Reliance Jio? [8:33]
    • How would this partnership between Facebook and Reliance Jio Platforms help the small and medium businesses and jumpstart their Jio Mart initiative? [10:51]
    • Does Jio Mart will built or be built into the super app under Whatsapp based on this alliance? [13:25]
    • What does this alliance between Facebook and Reliance mean for the China tech giants (Bytedance, Alibaba via Paytm, Xiaomi and Tencent) in Indian market? [15:00]
    • Will Google and Amazon consider the same path now that Facebook did the investment? [18:10]
    • What does Reliance Jio gain from the alliance with Facebook in India? [19:51]
    • How will ecommerce or the mobile landscape change in India with this alliance? [21:25]
    • What does this mean for China and US tech giants entering into India which is becoming more protectionist in the past two years? [22:44]
  • Will SoftBank’s Vision Fund fail in the end? [25:31]
  • Closing [37:01]
    • Any book or stuff to recommend? [37:19]
      • Tim's recommendations: dance music in the 1980s, 1990s & 2000s and Youtube
    • Where can our audience find you? [38:01]

Podcast Information:

The show is hosted and produced by Carol Yin (@CarolYujiaYin) and originally created by Bernard Leong (@bernardleong, Linkedin). Sound credits for the intro music: Taro Iwashiro, "The Beginning" from Red Cliff Soundtrack.

Jaksot(515)

BYD vs Tesla: The New EV Empire with Lei Xing

BYD vs Tesla: The New EV Empire with Lei Xing

“One thing I can add is the awakening, the shaking up, the shaping up of the rest of the global auto industry from the Chinese is in full swing. The Chinese are coming. And if the Western automakers a...

6 Helmi 20241h

AC Ventures & The Indonesia Venture Capital Report 2023 with Adrian Li

AC Ventures & The Indonesia Venture Capital Report 2023 with Adrian Li

"Indonesia is not of the scale of China and India. And some people argue that India and China are so vast that you can almost consider: North China, South China, East China and different parts of the ...

30 Tammi 202456min

Vertex Ventures & Venture Capital in Southeast Asia & India with Carmen Yuen

Vertex Ventures & Venture Capital in Southeast Asia & India with Carmen Yuen

"The whole of Southeast Asia has to come up as a group. Hence, my secret about what I know about the VC industry that people don't know. The secret is that you've got to be very sane when you come to ...

24 Tammi 202449min

Yana TV and Change Makers in the Asia Pacific with Yana Fry

Yana TV and Change Makers in the Asia Pacific with Yana Fry

"There are so many voices here that people can create their own unique things. And yet there is still this culture, that's still lingering from the past, that somehow the answers are in the West. And ...

16 Tammi 202454min

Glints & Human Resources in the Age of AI with Oswald Yeo

Glints & Human Resources in the Age of AI with Oswald Yeo

“[Glints] We would like to still be around and building an enduring company. A big part of why many of us at Glints are building what we want is we hope that our children and grandchildren can be usin...

9 Tammi 202439min

The Power of Play and Future of Work with George Kesselman

The Power of Play and Future of Work with George Kesselman

"Money is a very interesting kind of numerical way of measuring when you're levelling up. So that's where the distinction needs to be very clear. The way that I've positioned it in the book and what t...

19 Joulu 202349min

The State of China 2023 with Shai Oster

The State of China 2023 with Shai Oster

"You will continue to see Western investment continuing to decline. The risk-reward calculations won't change in the next 12 months, as far as I can see. The Chinese economy is not about to take off. ...

12 Joulu 20231h 2min

The State of Generative AI and Crypto in 2023 with Kelly Choo

The State of Generative AI and Crypto in 2023 with Kelly Choo

"Consumer demand will accelerate the need for security, privacy and regulation. Like zero-knowledge (ZK) where you can prove something is true without revealing all information. And of course, securit...

29 Marras 202348min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
psykopodiaa-podcast
mimmit-sijoittaa
rss-rahapodi
rss-draivi
rss-lahtijat
oppimisen-psykologia
rss-rahamania
rss-porssipuhetta
taloudellinen-mielenrauha
rss-seuraava-potilas
rahapuhetta
rss-h-asselmoilanen
rss-paatos-podcast-suomen-kovimmat-paatoksentekijat-2
rss-paasipodi
rss-inderes
io-techin-tekniikkapodcast
pomojen-suusta
rss-viisas-raha-podi
rss-40-ajatusta-aanesta