Home / Technology and Science / Google makes $550M strategic investment in Chinese e-commerce firm JD.com – TechCrunch

Google makes $550M strategic investment in Chinese e-commerce firm JD.com – TechCrunch

Google has been increasing its presence in China in recent times, and nowadays it has persevered that push through agreeing to a strategic partnership with e-commerce firm JD.com which is able to see Google acquire $550 million of stocks in the Chinese firm.

Google has made investments in China, released products there and spread out places of work that come with an AI hub, however now it’s running with JD.com in large part outdoor of China. In a joint unencumber, the corporations mentioned they’d “collaborate on a range of strategic initiatives, including joint development of retail solutions” in Europe, the U.S. and Southeast Asia.

The function here’s to merge JD.com’s enjoy and era in provide chain and logistics — in China, it has opened warehouses that use robots rather than workers — with Google’s buyer achieve, knowledge and advertising and marketing to produce new varieties of on-line retail.

Initially, that may see the duo staff as much as be offering JD.com merchandise on the market at the Google Shopping platform around the phrase, however it sort of feels transparent that the corporations produce other collaborations in thoughts for the long run.

JD.com is valued at round $60 billion, according to its NASDAQ percentage worth, and the corporate has partnerships with the likes of Walmart and it has invested closely in computerized warehouse era, drones and different ‘next-generation’ retail and logisitics.

The transfer for a distribution platform like Google to again a carrier supplier like JD.com is attention-grabbing because the corporate, via seek and promoting, has relationships with a spread of e-commerce companies together with JD.com’s arch rival Alibaba.

But this can be a signal of the days for Google, which has already evolved relationships with JD.com and its largest backer Tencent, the $500 billion Chinese web large. All 3 firms have subsidized Go-Jek, the ride-hailing challenger in Southeast Asia, whilst Tencent and Google previously inked a patent sharing partnership and feature co-invested in startups such as Chinese AI startup XtalPi.

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