Google to invest 55 million dollars in Chinese E-Commerce company

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 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

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 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 and looking for new solutions for retail ecosystems around the world.


Check Also


PM inaugurates the 107th Indian Science Congress

The Prime Minister, Narendra Modi inaugurated the 107th Indian Science Congress (ISC) today at University ...