Google to invest $550 million in China’s JD.com

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JD.com Inc, China’s second largest e-commerce company and Google, announced today that the US tech giant will invest USD 550 million in cash in JD.com as part of a strategic partnership.

Google and JD said they plan to collaborate on a range of strategic initiatives, including joint development of retail solutions in a range of regions around the world, including Southeast Asia, the US and Europe.

By applying JD’s supply chain and logistics expertise and Google’s technology strengths, the two companies aim to explore the creation of next generation retail infrastructure solutions, with the goal of offering “helpful, personalised and frictionless shopping experiences”. JD also plans to make a selection of high-quality products available for sale through Google Shopping in multiple regions.

“This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world,” said JD.com’s chief strategy officer Jianwen Liao. “This marks an important step in the process of modernising global retail. As we celebrate our June 18 anniversary sale, this partnership opens a new chapter in our history.”

Google chief business officer Philipp Schindler added: “We are excited to partner with JD.com and explore new solutions for retail ecosystems around the world to enable helpful, personalised and frictionless shopping experiences that give consumers the power to shop wherever and however they want.”

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Google to invest $550 million in China's JD.com
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Google to invest $550 million in China's JD.com
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JD.com Inc, China's second largest e-commerce company and Google, announced today that the US tech giant will invest USD 550 million in cash in JD.com as part of a strategic partnership.
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AsiaCargoBuzz.com
AsiaCargoBuzz.com
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