Facebook’s largest foreign investment gives it a foothold in rural India and a powerful local ally
Facebook Inc.’s $5.7 billion tie-up with an Indian mobile leader could create a new kind of animal in the world’s biggest untapped digital market: a social media behemoth wedded to a mobile infrastructure titan—both coveting e-commerce.
Now the two companies are expected to square off against some formidable online shopping rivals: Amazon.com Inc. and Walmart Inc., which have each invested billions in the South Asian market.
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