Google investing $550 million in Chinese ecommerce company

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

JD.com's investors include Chinese social media powerhouse Tencent Holdings Ltd., the archrival of Chinese e-commerce leader Alibaba Group Holding Ltd., and Walmart Inc.

The deal will give Google 27.1 million newly-issued JD.com Class A ordinary shares.

The companies said the investment is the start of a partnership that will see JD.com products promoted on Google's shopping service, expanding JD.com's reach beyond its Chinese base and into United States and European markets.

Both companies have strong reasons to enter a partnership with one another.

In China, JD.com competes aggressively with e-commerce leader Alibaba, which runs the popular Taobao and Tmall shopping platforms.

Chinese and American companies alike are anxious about growing tensions between the Chinese and American governments over trade.

At least 3 dead, hundreds injured after 6.1 magnitude natural disaster strikes Japan
Senior government officials are gathering for an emergency meeting at the Prime Minister's office, broadcaster NHK reported. Eiji Shibuya, 52, said the tremor reminded him of the devastating 1995 Kobe quake , which killed almost 6,500 people.

OnePlus 6 update to fix bootloader flaw is rolling out
Instead, the company is working on fixing the problem and has promised to release in the OxygenOS v5.1.8 in the coming week. Earlier this week, OnePlus officially acknowledged the OnePlus 6 bootloader vulnerability, and said it will be fixed soon.

Bannon Says Trump Doesn't Have to `Justify' Border Separations
Dimmit County Sheriff Marion Boyd says the SUV lost control while travelling at more than 160 kilometres per hour and overturned on a Texas highway.

Company officials said the agreement initially would not involve any major new Google initiatives in China, where the company's main services are blocked over its refusal to censor search results in line with local laws.

JD.com shares are up more than 2.5%.

In recent months, Google has been making inroads back into the Chinese market through various deals and investments.

"The announcement isn't focused on China", JD.com spokesman Josh Gartner confirmed to AFP.

In a press release, the two companies said they will collaborate on new initiatives including a joint retail service that will be launched around the world including in Southeast Asia, the USA and Europe.

Related News:

  • Willian a £60m target for Manchester United?

    Willian a £60m target for Manchester United?

    Newcastle's top summer priority is to bring Kenedy back from Chelsea , either permanently or on another year-long loan. The Chelsea star hasn't featured heavily under Conte and has mostly come off the bench to make an impact for his club.
    Incredibles 2 becomes best opening animated film ever

    Incredibles 2 becomes best opening animated film ever

    Lewis expanded on this concern in a blog post titled The Real Villain In Incredibles 2 - Strobe Lights (NO SPOILERS ). Previously, the seat was taken by " Finding Dory ", after it earned $135 million in its opening weekend in 2016.
    IDF General Warns Iran Is Preparing to Attack Israel from Syria

    IDF General Warns Iran Is Preparing to Attack Israel from Syria

    Assad added that he will pay a visit to Iran soon, at the earliest opportunity. The Islamic State group has a limited presence in the region.
  • Trump To Meet with House Republicans Tuesday to Sell Immigration Compromise

    Trump To Meet with House Republicans Tuesday to Sell Immigration Compromise

    The plan scuttled a petition by Curbelo that would have forced a series of immigration votes with the support of Democrats. The compromise bill also ends two chain migration categories, shuffles some of the visas to the employment-based category.
    Gunman wounds 2 at Walmart store in Tumwater, fatally shot by bystander

    Gunman wounds 2 at Walmart store in Tumwater, fatally shot by bystander

    Ran out a side emergency exit and attempted to run to my auto in the parking lot but heard 4 more pops in the lot. Some of them directed vehicles away from the parking lot of the store, which was ringed with yellow tape.
    Italy won’t ratify European Union  free-trade accord with Canada -…

    Italy won’t ratify European Union free-trade accord with Canada -…

    The free trade deal entered into provisional force as of September 2017, sweeping away tariffs on 98 per cent of goods. All 28 European Union member states must approve the agreement for it to take full effect.
  • U.S.  housing migrant children in tents at Mexico border

    U.S. housing migrant children in tents at Mexico border

    These numbers include minors who arrived at the border without a relative and children separated from their parents. Since the policy was enacted both Democrats and Republicans have spoken out against Trump and his administration.
    Five killed in vehicle  chase involving US Border Patrol agents in Texas

    Five killed in vehicle chase involving US Border Patrol agents in Texas

    He said one passenger was taken into custody. "We dealt with him last week", Boyd said. Boyd said the vehicle was going more than 100 miles per hour before the crash.

    2 feared dead, 41 hurt after quake hits Japan

    Japanese authorities don't confirm death until after an examination at a hospital. Trains in the area were halted as a precaution, public broadcaster NHK said.
  • Captain Kolarov fires Serbia to victory over Costa Rica

    Captain Kolarov fires Serbia to victory over Costa Rica

    Yet Serbia , appearing in a first World Cup finals since South Africa 2010, will be wary of allowing complacency to creep in. Ten minutes after the restart, Kolarov lined up the free kick out wide and from some distance out.
    Strong natural disaster  strikes Japanese city

    Strong natural disaster strikes Japanese city

    Three people were confirmed dead, including a nine-year-old girl, who was reported to have died after a school wall fell on her. A 9-year-old girl and two men in their 80s have been killed by a strong quake in the western Japan metropolis of Osaka.
    OnePlus 6 Review | Camera, Battery Life, Performance, and More

    OnePlus 6 Review | Camera, Battery Life, Performance, and More

    It seems like the OnePlus 6 sales are off to a strong start in two largest smartphone markets in the world, China and India. OnePlus 6 features a 6.28-inch full HD+ Optic AMOLED display with 19:9 aspect ratio and Gorilla Glass 5 protection.


Most liked

MERKEL’S MESS: German Government ‘FACING COLLAPSE’ Over Immigration Policy
Seehofer's ultimatum has become one of the biggest challenges to Merkel's authority since she took power almost 13 years ago. He has always been an outspoken critic of her decision, and in recent days the two leaders have been locked in a standoff.

Apple wants to solve problems pinpointing 911 calls for help
Next Generation 911 technology from partner firm RapidSOS will be integrated in iOS 12, however, to make emergency location sharing faster and more precise.

South Korean players wear wrong squad numbers in training to confuse Sweden
South Korea's national soccer team players run during a training session at the Spartak Stadium in Lomonosov near St. Victor Lindelof will miss Sweden's opening World Cup fixture against South Korea on Monday due to illness.

Audi chief executive Rupert Stadler arrested
It later admitted so-called defeat devices were fitted to more than 11 million cars worldwide, including 1.2 million in the UK. Stadler, 55, who joined Audi in 1990 and has been its CEO since 2007, has enjoyed the full backing of VW's top brass so far.

Sessions cites Bible to defend separating immigrant families
Critics say family separation would still be possible because another agency could take parents being prosecuted into custody. He told law enforcement officers: "Persons who violate the law of our nation are subject to prosecution".

Federer celebrates No.1 crowning with 98th title at Stuttgart Open
Federer also won their quarterfinal past year at Wimbledon while Raonic took their 2016 semifinal meeting at the All-England Club. Raonic, who has won eight career ATP titles, reached a career-high No. 3 in the world rankings in November 2016.

Meghan Markle just wore a Marks & Spencer fascinator and nobody noticed
When asked about details of the Brexit conversation, he said: 'It was just a loose conversation. She recovered quickly as Harry led her and helped her keep her balance.

The queen and Duchess Meghan make 1st joint appearance
It is reported that Markle and Queen's day is created to offer the 36-year-old a master-class on how to conduct royal engagements. Following this, it is considered rude to present the Queen with your back, and most people will walk backwards away from her .

Phil Mickelson has moment of madness at US Open
Mickelson jogged after the ball after it curled around the hole, realizing it was about to head down the other side of the green. But he praised the setup earlier this week and said again Saturday that it was tough and "everyone has to play it".

Race 3 collection Day 3: Salman Khan film does roaring 'business'
The film continued its winning streak, and raked in Rs 38.17 crore, taking its total collection so far to Rs 67.31 crore. As compared to the past Salman's film released on Eid, the performance of the film is not as good as Bajrangi Bhaijaan .

Elderly man, 9-year-old among killed in strong Japan quake
Senior government officials are gathering for an emergency meeting at the Prime Minister's office, broadcaster NHK reported. The quake, which hit just before 8am (7am Singapore time), killed three people, including a nine-year-old girl.

Tesco raises pressure on rivals with price cuts
Tesco said first-quarter sales rose 1.8% on a same-store basis, as demand continued to recover following severe storms in March. The lower prices will be welcomed by British consumers where a string of retailers have struggled in a tough market.

Mexico triggers 'artificial' earthquake celebrating win over Germany
Looking at the footage from the celebrations in Mexico City on Sunday, it's easy to see how the ground could have shook. France in 2002 and Spain in 2014 were the other defending champions to lose their opening matches.

Brutal murder of Australian comedian Eurydice Dixon shocks community
Ms Dixon was walking home after performing a comedy show at Highlander Bar on Tuesday night when she was raped and killed. We've all walked home alone and this time it just - someone decided to make sure that that she wouldn't make it home.

Defending champion Germany falls to Mexico in World Cup opener
Spain, in 2010, are the only side to win the World Cup after losing their opening match, when they were beaten by Switzerland . Joshua Kimmich was identified by Low as Germany's most important tactical weapon and he got forward plenty on the right.