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JD.com jumps after Google makes a $550 million investment as part of a strategic partnership
5 monthes ago - By Business Insider
Google has announced a $550 million investment as part of a strategic partnership with JD.com.
The partnership will combine JD's supply chain and logistics expertise and Google's technology strengths.
JD.com shares are up more than 2.5%.
Watch JD trade in real time here.
Chinese e-commerce giant JD.com is up more than 2.5% Monday morning after announcing Google will invest $550 million as part of a strategic partnership that will combine JD's supply chain and logistics expertise and Google's technology strengths.
"This partnership with Google opens up a broad range of possibilities to...
Read more ...Google to invest half a billion in China's JD.com
5 monthes ago - By Reuters
Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.
Read more ...Term Sheet - Monday, June 18
5 monthes ago - By Fortune
INDICTED Good morning, Term Sheet readers.
GOOGLE MAKES FRIENDS IN CHINA: Google continues to increase its presence in China. The tech giant agreed to invest $500 million in Chinese e-commerce firm JD.com as part of a strategic partnership. By merging JD's supply chain & logistics expertise with Google's market reach, they plan to offer JD.com products for sale on the Google Shopping platform across the world.
Obviously, the bigger takeaway is that Google wants to unlock the Chinese market. Many Western companies have found China to be a difficult market to crack, and Google is no...
Read more ...Google, Rebuilding Its Presence in China, Invests in Retailer JD.com
5 monthes ago - By NY Times
Its search engine has been blocked in the country for years, but the company is looking for other ways to be part of the flourishing internet scene there.
Read more ...Google is investing over half a billion in China e-commerce giant JD.com
5 monthes ago - By Fast Company
The deal will allow Google to draw people away from Amazon when doing product searches online.
The U.S. search giant is investing $550 million in cash into China's second-largest e-commerce player, JD.com, reports CNBC. JD.com is locked in a heated battle for customers with China's largest e-retailer, Alibaba. The company has recently teamed up with Walmart to sell groceries. Its new deal with Google will see JD.com gain a partner that can better help it to develop its retail infrastructure as well as make a selection of its products available to Western shoppers via Google Shopping.
Read more ...Google Just Made a Huge Investment in JD.com. Here's Why
5 monthes ago - By Fortune
Google is investing $550 million in JD.com, China's second-largest online retailer.
The strategic partnership will see Google's investment rewarded with 27 million newly-added class A ordinary shares in JD.com, a less than 1% stake in the company. Beyond the cash investment, the deal will include the promotion of JD goods on Google's shopping service and a mutually beneficial combination of Google's market reach and analytical capabilities with JD.com's expertise in logistics and inventory management.
Both companies have strong reasons to enter a partnership with one another. Here's...
Read more ...
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