Google today has announced a new strategic partnership with JD.com; Chinese leading e-commerce companies. As part of this partnership, Google will be investing $550 million in JD.com with an aim 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. Google will be exploring a new way for consumers to make shopping effortless for their consumers, giving them the power to shop wherever and however they want. The company also announced that as a part of this partnership, JD.com would also join Google Shopping and bring a selection of their high-quality products to consumers in multiple regions around the world. Google and JD.com will engage in joint development of retail solutions in a range of regions around the world. Under the agreements, Google will receive 27,106,948 newly issued JD.com Class A ordinary shares at an issue price of $20.29 per share, equivalent to $40.58 per ADS, based on the volume-weighted average trading price over the prior ten trading days. JD.com’s Chief Strategy Officer Jianwen Liao said: This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world. This marks an important step in the process of modernizing global retail. As we ...
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