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Care to elaborate? Both these comments are just name calling at this point. Don't know much, but my Indian friends seem to like them. From what I gather they c

Care to elaborate? Both these comments are just name calling at this point. Don't know much, but my Indian friends seem to like them. From what I gather they compete strongly on price (as in free) in an attempt to get into many other sectors. Once you have a wechat-esque hold on numerous market sectors making them profitable isn't really that hard, which seems to be their goal. I certainly don't agree with this type of business model either, but then again most people I know give strange looks when I rail against FB or Google.

r_singh 8y ago
FB/Google rose on merit, becoming bigger with equity dilution. Now there's a community aware about the ills that come with monopolies, (i.e. power to lobby, throw weight around on users and the government) and so choose to dislike the company (or in extreme cases boycott their products). Coming to Jio, their parent company Reliance is the biggest business group of India (the promoter is the 5th richest person in the world). The group is infamous for being corrupt in the business community and the number of questionable instances cannot even be counted. My company has done business with Reliance in the past and has never received payments for the same. India being a lot more corrupt as a nation gives this company powers that would be unfathomable in developed nations. Just for a few small instances: this company has on many occasions changed regulation just to benefit their business model (or disruption) by sheer political clout. Even in case of Jio, the telecom interconnect charges in India were made 0, and will be changed again when Jio is in a position to benefit from them. And this is just 1 rule change. Vodafone's CEO has openly appealed that India's telecom authorities appear to be working for the interest of Jio only. This topic is just too big to summarise, it needs a multiple volume book. You're not gonna believe this, but a few authors who have tried to write on the way this group has come up have been banned in India, this probably gives you an idea about how dangerous this group could be. Reliance's books are not believable, debts are irrational, business practices are unethical, etc, etc and the list will go on.
pankajdoharey 8y ago
Yeah sure, Jio is owned by a petrochemical giant reliance which was found guilty of stealing gas from the state owned ONGC wells by justice A.P.Shah committee https://www.financialexpress.com/economy/reliance-industries-guilty-of-taking-ongc-gas-ap-shah-panel/363706/ https://www.financialexpress.com/economy/reliance-industries... Two yrs later a new arbitration panel does not find them guilty https://economictimes.indiatimes.com/industry/energy/oil-gas/arbitration-panel-doesnt-find-ril-at-fault-in-ongc-row/articleshow/65221022.cms https://economictimes.indiatimes.com/industry/energy/oil-gas... A clue here Reliance is a big backer of election campaigns for the current regime.
- lvng 8y ago
  Well this is a very established fact. They are just trying to control aspect of market from chemicals, lifestyle to digital ecosystem. Idk what would happen in coming years when there are no competition God save us from havoc.
hn011 8y ago
communists hate India's biggest capitalist simple. let them whine. ambani the owner of jio will soon be coming up with e-commerce like Amazon . https://www.bloomberg.com/news/articles/2019-01-18/asia-s-richest-man-outlines-his-plan-to-take-on-amazon-in-india https://www.bloomberg.com/news/articles/2019-01-18/asia-s-ri...

r_singh 8y ago

FB/Google rose on merit, becoming bigger with equity dilution. Now there's a community aware about the ills that come with monopolies, (i.e. power to lobby, throw weight around on users and the government) and so choose to dislike the company (or in extreme cases boycott their products). Coming to Jio, their parent company Reliance is the biggest business group of India (the promoter is the 5th richest person in the world). The group is infamous for being corrupt in the business community and the number of questionable instances cannot even be counted. My company has done business with Reliance in the past and has never received payments for the same. India being a lot more corrupt as a nation gives this company powers that would be unfathomable in developed nations. Just for a few small instances: this company has on many occasions changed regulation just to benefit their business model (or disruption) by sheer political clout. Even in case of Jio, the telecom interconnect charges in India were made 0, and will be changed again when Jio is in a position to benefit from them. And this is just 1 rule change. Vodafone's CEO has openly appealed that India's telecom authorities appear to be working for the interest of Jio only. This topic is just too big to summarise, it needs a multiple volume book. You're not gonna believe this, but a few authors who have tried to write on the way this group has come up have been banned in India, this probably gives you an idea about how dangerous this group could be. Reliance's books are not believable, debts are irrational, business practices are unethical, etc, etc and the list will go on.

pankajdoharey 8y ago

Yeah sure, Jio is owned by a petrochemical giant reliance which was found guilty of stealing gas from the state owned ONGC wells by justice A.P.Shah committee https://www.financialexpress.com/economy/reliance-industries-guilty-of-taking-ongc-gas-ap-shah-panel/363706/ https://www.financialexpress.com/economy/reliance-industries... Two yrs later a new arbitration panel does not find them guilty https://economictimes.indiatimes.com/industry/energy/oil-gas/arbitration-panel-doesnt-find-ril-at-fault-in-ongc-row/articleshow/65221022.cms https://economictimes.indiatimes.com/industry/energy/oil-gas... A clue here Reliance is a big backer of election campaigns for the current regime.

lvng 8y ago
Well this is a very established fact. They are just trying to control aspect of market from chemicals, lifestyle to digital ecosystem. Idk what would happen in coming years when there are no competition God save us from havoc.

hn011 8y ago

communists hate India's biggest capitalist simple. let them whine. ambani the owner of jio will soon be coming up with e-commerce like Amazon . https://www.bloomberg.com/news/articles/2019-01-18/asia-s-richest-man-outlines-his-plan-to-take-on-amazon-in-india https://www.bloomberg.com/news/articles/2019-01-18/asia-s-ri...