Google plans to invest $4 billion in Indian digital service platform Jio Platforms

According to Bloomberg reports, people familiar with the matter said that Google is planning to invest $4 billion in Indian digital service platform Jio Platforms, and the two parties are currently in the negotiation stage. The deal may be officially announced as soon as possible in the next few weeks. Qualcomm just announced this week that it will invest USD 97.10 million in exchange for a 0.15% stake in the company. Jio Platforms has raised US$15.69 billion in capital through the sale of 25.2% of its equity, with a valuation of US$65 billion. Investors in Jio Platforms include Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala. Lianwen Note, Jio Platforms is a wholly-owned subsidiary of Reliance Industries, dedicated to providing high-quality and affordable digital services in India with more than 388 million users. Jio Platforms has invested heavily in the digital ecosystem, and its main technologies include broadband connections, smart devices, artificial intelligence, Internet of Things, and blockchain.