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June 19, 2018 12:03 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/_maIYP8OYLs/google-to-invest-550-million-in-chinese-e-commerce-giant-jdcom
Google To Invest $550 Million In Chinese E-Commerce Giant JD.com
hackingbear shares a report from Yahoo News: 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. The two companies described the investment announced on Monday as one piece of a broader partnership that will include the promotion of JD.com products on Google's shopping service. This could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in U.S. and European markets. For JD.com, the Google deal shows its determination to build a set of global alliances as it seeks to counter Alibaba, which has been more focused on forging domestic retail tie-ups.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/_maIYP8OYLs/google-to-invest-550-million-in-chinese-e-commerce-giant-jdcom
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