Reliance Industries Ltd. will roll out its online shopping platform to 1.2 million retailers and store-owners in India, sketching out an ambitious plan to take on Amazon.com Inc. and Walmart Inc.'s Flipkart on its home turf.
Mukesh Ambani, Asia's richest man, intends to take on the world's largest retailers by combining his Jio telecom service, mobile devices and a vast physical retail network. The energy-to-consumer conglomerate joins Amazon and Flipkart in expanding aggressively across the world's fastest-growing major e-commerce market, where organized retail is still a rarity.
Reliance Industries Ltd. will roll out its online shopping platform to 1.2 million retailers and store-owners in India, sketching out an ambitious plan to take on Amazon.com Inc. and Walmart Inc.'s Flipkart on its home turf.
Mukesh Ambani, Asia's richest man, intends to take on the world's largest retailers by combining his Jio telecom service, mobile devices and a vast physical retail network. The energy-to-consumer conglomerate joins Amazon and Flipkart in expanding aggressively across the world's fastest-growing major e-commerce market, where organized retail is still a rarity.