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Facebook’s $6 Billion India Bet Kindles War With Amazon, Walmart

  • Jio, Facebook to work with 30 million small Indian stores
  • Deal will help Facebook access 400 million Jio internet users
How Facebook Uses ‘WhatsApp Phones' to Tap Next Emerging Market
Photographer: Dhiraj Singh/Bloomberg

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Facebook Inc.’s $5.7 billion investment in a unit of India’s Reliance Industries Ltd. creates an e-commerce leviathan to take on Amazon.com Inc. and Walmart Inc. in one of the world’s most competitive internet arenas.