The company of the richest man of India started to compete with Zoom

the Indian company Reliance Jio Platforms, in recent months, attracted billions in investment from Facebook (5.7 billion dollars), the national wealth Fund of Saudi Arabia (1.5 billion), a pool of nine international investment funds (9.5 billion) and Intel (0,253 billion), is launching a competitor to the fastest growing video service in the world – Zoom.

the New service JioMeet offers unlimited video calls in 720p resolution, which can take up to 100 people at a time. The limit on the duration of the call (which in the free versions of competing products often is less than an hour) a very generous 24 hours. The interface is nearly the same as Zoom:

the Service is free, and the mechanisms of monetization is not provided in principle. However, the Creator of the video conference are available for all the usual “serious” products such tools – password protection “waiting room”, support concurrent logins to 5 devices as well as the ability to broadcast the screen and work together. Declared and encryption, but whether it is end-to-end, the company on the official website does not specify.

JioMeet works in Chrome and Firefox, and desktop applications for macOS and Windows mobile – for iOS and Android, and also has a plug-in for use with Microsoft Outlook, writes TechCrunch. Guide Platforms Jio earlier said that the video conferencing service can be useful not only to private users and businesses, but also spread in remote medicine and education.

Reliance Jio Platforms less than 4 years became the largest mobile operator in the fast growing Telecom market of India, attracting 388 million subscribers. The secret of success is in the minimum prices. Paying less than 2 dollars a month the subscriber receives not only access to calls and mobile Internet, but also to the free streaming services with music and movies. The company is owned by Reliance Industries is a diversified conglomerate with a leading position in the country by market capitalization and controlled the richest man in India (and according to the April 2020 – and all of Asia), Mukesh Ambani.

Ambani said earlier that more than $ 15 billion of investment over several months 2020, the year in the midst of a pandemic, enough Jio Platforms for development at least for a few quarters, the company completely paid off with creditors. The businessman promises to hold an IPO Jio Platforms and working in conjunction with the operator in Reliance Retail in the next five years.

Text: To.Hi-tech