How Mukesh Ambani is taking on Amazon

Ambani is racing to grab a share of an online shopping market that Morgan Stanley estimates will grow to be valued at $200 billion by 2028 from about $30 billion last year. Ambani outlined his plan to shareholders in July, saying the effort will involve the group’s unlisted businesses Reliance Retail Ltd and Reliance Jio Infocomm Ltd.

from Times of India http://bit.ly/2I6cl4a