Google to invest $550 million in JD.com

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.

JD.com is the largest retailer in Asia, ranking No. 1 in the internet retailers 2018. Its revenue for 2017 reached $55.7 billion, up 40.3% from 2016.

┬áThe deal is aimed at combining JD’S expertise in logistics and supply chain with Google’s technology to experiment with changes in how people shop.

 

 

About the Author

Amin Lalani
Amin Lalani is a subject matter specialist in Internet Retailer with several articles and research paper published so far. He has done M.Phil from IoBM in Marketing with emphasis on Internet Retailing. Besides academia he has various other certification like SAP, Google Analytic, Microsoft Small Business Solution Provider and more.

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