There are reports that Meta Platforms and Jio are in talks for a VR collaboration agreement.
Meta Platforms, formerly known as Facebook, has been exploring and investing in the fields of virtual reality (VR) and augmented reality (AR). Jio, as the largest telecommunications operator in India, has a huge user base and strong market influence. The potential collaboration between the two not only heralds a new round of popularization of VR technology globally, but may also bring new growth opportunities for Meta Platforms.
Meta Platforms has become an important player in the VR hardware market through its Oculus VR products. For Meta Platforms, collaborating with Jio can help them further open up the Indian market, acquire more users, and also promote the application and popularization of their VR technology in India. For Jio, Meta Platforms has already become a shareholder.