Google

Google investing $550 million in strategic partnership with JD.com

Google has announced a new strategic partnership with chinese company JD.com, one of the world’s leading ecommerce companies. As part of this partnership, Google will invest $550 million in JD.com.

Karim Temsamani, President, Asia-Pacific Operations at Google stated,

We want to accelerate how retail ecosystems deliver consumer experiences that are helpful, personalized and offer high quality service in a range of countries around the world, including in Southeast Asia.

By applying JD.com’s supply chain and logistics expertise and our technology strengths, we’re going to explore new ways retailers can make shopping effortless for their consumers, giving them the power to shop wherever and however they want.

As part of the partnership, JD.com will also join Google Shopping and bring a selection of their high-quality products to consumers in multiple regions around the world.

E-commerce is currently exploding in the Asia-Pacific region, with people expected to spend an upwards of $88.1 billion by 2025 on online purchases.

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