As Mukesh Ambani, Chairman and Managing Director, Reliance Industries, prepares to Formally launch world’s largest online-to-offline new e-commerce platform and Provide jitters to Amazon and Walmart-Flipkart, Reliance Jio is reportedly working on a”super app” that will provide over 100 services at one platform.
Jio is presently serving over 300 million readers in India as data and voice traffic has witnessed an unparalleled growth.
According to experts, launching a”super program” at this juncture would put Reliance at a pole position to make India’s WeChat, in the market where others like Snapdeal, Paytm, Freecharge, Flipkart, and Hikehave failed.
“The ubiquitousness of Jio devices puts Reliance in a strong position. It can connect its vast ecosystem of its own users using a multi-layered cloth, offering a rich array of services, linking online-to-offline, through a one-stop, superb program,” Prabhu Ram, Head, Industry Intelligence Group (IIG), CMR, told IANS.
“India is a mobile-first nation and such a self indulgent network that offers convenience will find favor with demanding consumers,” Ram emphasised.
The technology heap at Reliance Jio, through a series of acquisitions and acquisitions, now comprises a conversational Artificial Intelligence (AI) coating, a vernacular voice tech layer, a logistics layer, as well as a AI-based education coating.
“All of these layers, in addition to the Jio apparatus network would place Reliance in a pole position to make India’s WeChat,” Ram noted.
According to Mukesh Ambani, the new trade platform will aim to transform the lives of approximately three crore merchants across the country, allowing them to perform all that big businesses and e-commerce giants are able to perform with the support of technologies.
“Reliance is working on creating the world’s largest online-to-offline New Commerce Platform,” Ambani said at the”Earn in Odisha Conclave” in November last year.
On the other hand, after successful execution of mobility organization, Jio is currently focused on catapulting India’s underserved Home and Enterprise connectivity market to international standards with its next-generation GigaFiber FTTH services.
Reliance Jio Infocomm reported a 64.7 percent boost in its own standalone net profit for its January-March quarter of this fiscal year 2018-19, on an in-state foundation.
The company reported a standalone earnings in operations of Rs. 11,106 crore during the quarter under review, 55.8 per cent higher in Rs. 7,128 crore during precisely the exact same quarter of the prior financial.