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 Silicon Valley gave Asia's richest man billions, but things aren't all going to plan By Rishi Iyengar, Business Updated 0402 GMT (1202 HKT) June 24, 2021 Asia's richest man wants to build the next tech giant Websites and apps go down during massive outage FaceTime. IDs. Do Not Disturb. See Apple's latest updates Robot manicure really 'nails it' Disney unveils one of its most innovative attractions San Francisco ( Business)Last year, Google and Facebook collectively bet more than $10 billion on Asia's richest man and his plan to bring hundreds of millions of Indians online. The investments quickly established Mukesh Ambani, the billionaire head of sprawling Indian conglomerate Reliance, as a gatekeeper for Silicon Valley in the country — but also raised the stakes for him to deliver the companies a footing in the world's fastest growing internet market. Ambani plans to use Facebook's (FB) messaging service, WhatsApp, to connect millions of small businesses in India to his e-commerce initiative, JioMart. The partnership with Google (GOOGL), meanwhile, aims to jointly develop an affordable 5G smartphone. Reliance, whose major businesses include energy and retail in addition to technology, is expected to provide an update on those initiatives at its annual shareholder meeting on Thursday, along with an ambitious plan to build out India's 5G network. But as India continues to struggle with the impact of the coronavirus pandemic, including an economic slump, Jio's plans may be facing more headwinds than its politically connected billionaire owner is used to. Smartphone struggles Selling smartphones in India can be a tough business even under normal circumstances. The average Indian earns around $2,000 a year, according to the latest World Bank data, making pricey smartphones out of reach for most of the country. Apple has struggled to sell iPhones there for years, and Samsung is losing ground to cheaper Chines

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