Google Invests in JD.com as the E-Commerce Site Eyes Further Global Expansion

0 0
4 years ago 2 mins read

Today is not only Dragon Boat Festival in China, but also one of the country’s numerous “shopping festivals” — in this case it’s 6.18, originally created by JD.com to celebrate their founding in 1998.

It’s a day of huge sales and discounts across the e-commerce platform (and increasingly across its rival sites too), but this year has been marked by an extra windfall for the Beijing-headquartered company after it was announced that Google will invest $550 million USD in their operations.

Billed as a “strategic partnership” the deal will see the companies “explore joint development of retail solutions to enable helpful, personalized and frictionless shopping experiences in several regions including Southeast Asia, the U.S. and Europe”, according to an official press release.

The statement goes on to say that:

Google and JD plan to collaborate on a range of strategic initiatives, including joint development of retail solutions in a range of regions around the world, including Southeast Asia, the U.S. and Europe. By applying JD’s supply chain and logistics expertise and Google’s technology strengths, the two companies aim to explore the creation of next generation retail infrastructure solutions, with the goal of offering helpful, personalized and frictionless shopping experiences. JD also plans to make a selection of high-quality products available for sale through Google Shopping in multiple regions.

While Google’s search and email services are blocked along with some of its other products in Mainland China, the global internet giant does maintain a number of operations — and some visibility — in the country.

<a href="https://radii.co/article/watch-google-recruits-mc-jin-wades-back-into-china-waters"> <div class="related-wrapper"> <div class="related-image"> <img src="https://imagedelivery.net/WLUarKbmUXuuhDC7PG5_Qw/articles/94bfdf740633a8b5b60422fa90770603.jpg/public" alt=""/> </div> <div class="related-content"> <div class="related-title"> <span>WATCH: Google Recruits MC Jin, Wades Back into China Waters</span> </div> <div class="related-subtitle"> <span></span> </div> <div class="related-footer"> <span>Article</span> <span>Nov 15, 2017</span> </div> </div> </div> </a>

Forging strategic partnerships with successful Chinese companies as they aim to take their brands overseas also looks to be a smart move.

You might also like:

<a href="https://radii.co/article/china-gears-up-for-jd-coms-massive-618-sale"> <div class="related-wrapper"> <div class="related-image"> <img src="https://imagedelivery.net/WLUarKbmUXuuhDC7PG5_Qw/articles/e617c7e7d19938668fff55c7f7070073.jpg/public" alt=""/> </div> <div class="related-content"> <div class="related-title"> <span>China Gears Up for JD.com’s Massive “618 Sale”</span> </div> <div class="related-subtitle"> <span></span> </div> <div class="related-footer"> <span>Article</span> <span>Jun 17, 2017</span> </div> </div> </div> </a>

<a href="https://radii.co/article/5-reasons-why-chinas-online-retail-is-insanely-successful"> <div class="related-wrapper"> <div class="related-image"> <img src="https://imagedelivery.net/WLUarKbmUXuuhDC7PG5_Qw/articles/4f7e8607f977b138a7e573515e0b1d0d.jpg/public" alt=""/> </div> <div class="related-content"> <div class="related-title"> <span>5 Reasons Why China’s Online Retail is Insanely Successful</span> </div> <div class="related-subtitle"> <span></span> </div> <div class="related-footer"> <span>Article</span> <span>Aug 31, 2017</span> </div> </div> </div> </a>

Join the Conversation
0 comments
Write comment

Loading...
We assure yo