Google to invest USD 550 million in China's JD.com

Nieuws Breedband China 18 JUN 2018
Google to invest USD 550 million in China's JD.com

Google announced it will invest USD 550 million in Chinese e-commerce company JD.com. Google and JD.com say this investment is part of a broader partnership that will include the promotion of JD.com products on Google’s shopping service. 

Google will acquire 27.1 million newly issued JD.com Class A ordinary shares, giving Google less than a 1 percent stake in JD.com. "This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world," said Jianwen Liao, JD.com’s chief strategy officer.

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Internet

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Google

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China

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Cooperations & alliances, Portals / social media, M&A buyouts & divestments

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