Google to invest $550m in JD.com
Internet giant Google will invest $550m in cash in China’s JD.com, as part of a strategic partnership.
In a statement issued today (18 June), JD.com said that the two companies plan to work together on a range of initiatives, “applying JD’s supply chain and logistics expertise and Google’s technology strengths”.
JD added that it also plans to make a selection of products available for sale through Google Shopping in “multiple regions”.
JD.com’s Chief Strategy Officer Jianwen Liao, said: “This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world.
“This marks an important step in the process of modernizing global retail. As we celebrate our June 18 anniversary sale, this partnership opens a new chapter in our history.”
