21/03/2021
Oil-to-telecom conglomerate Reliance Industries is evolving from an integrated energy company into a consumer giant like China's Alibaba and potentially could rival likes of Amazon and Walmart.
India's No.1 oil refining and petrochemical company plans to roll out its online shopping platform that will combine its retail arm's nearly 10,000 stores in over 6,500 towns as well as neighbourhood retailers with its fast expanding mobile phone network that already has 28 crore subscribers.
Our analysis suggests RIL can become a market leader in telecom and media, while gaining significant share in retail/e-commerce. Its success could be built on an ecosystem or bundling strategy, and a home-court advantage, similar to Alibaba's success in China, beyond explicit or implicit policy support.
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