The richest man in Asia soon may become even wealthier: The energy industry tycoon is reportedly launching a new e-commerce service in India to compete with Amazon.
In this Sept. 23, 2017 file photo Mukesh Ambani, Chairman and Managing Director of Reliance Industries, attends a convocation at the Pandit Deendayal Petroleum University in Gandhinagar, India.
In this Sept. 23, 2017 file photo Mukesh Ambani, Chairman and Managing Director of Reliance Industries, attends a convocation at the Pandit Deendayal Petroleum University in Gandhinagar, India.Ambani is reportedly expanding his family's empire by launching an e-commerce platform, JioMart, through one of its subsidiaries, Reliance Jio, in three metropolitan areas in India.
According to its website, the online shopping platform boasts more than 50,000 grocery products, free home delivery with no minimum order, a"No questions asked return policy" and express delivery services -- similar to those offered by Amazon, which propelled founder Jeff Bezos to the top of Forbes' 2019 billionaires list.
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