To reinforce its presence in China, Google is going to invest $ 55 million in the Chinese e-commerce company JD dot com. CNBC said in reference to Google that under strategic partnership, Google will invest $ 55 million in jd.com. In return, Google will get more than 2.7 crore of recently released class A common shares at the price of $ 20.29 per share of JD.com.
Will reduce the conflicts in the markets
Both companies want to work in partnership to develop retail infrastructure, which can optimize the shopping experience and reduce conflicts in many markets including Southeast Asia. In a report on TechCrunch, it has been said that the goal here is to integrate the experience and technology of JD.com in China into supply chain and logistics. Such warehouses have been opened where robots work in place of laborers. With this, the access, data and marketing of Google’s customers will create a new kind of online retail business.
Actually Google wants to increase business in the e-commerce industry faster. Consumers can order similar orders through the Google service on their smartphone, tablet or other devices from France’s Partnership. About this, Google’s Chief Business Officer Philipp Schindler said that we are very excited about the partnership of JD.com and looking for new solutions for retail ecosystems around the world.