Google invests half a billion in Chinese JD.com

June 22, 2018 by
Nico Hoeijmans

jdcomAmerican tech-company Google invests about 550 million dollars into the Chinese web giant JD.com. Both Google and JD.com say they want to cooperate to develop a retail infrastructure that improves the personal shopping experience and alienates friction in certain markets. What this specifically contains, is yet unclear.

The idea behind this investment is that JD.com will offer products to the consumer in the United States and Europe through Google Shopping. This means that offers on JD.com will be better accessible for consumers outside of Asia, as Google has a more prominent place in lots of these markets. As the United States and China are currently working on trade war, the timing of the investment is remarkable. Because of this trade war, the Chinese web giant has flattened their US-activities.

According to the Dutch news source NOS, the investment of Google does not mean that Google will start offering its services in China again. The American company is, since January 2010, no longer active in the Chinese mainland. Activities were relocated to Hongkong because of differences in opinion on online freedom and attacks by hackers. Since this argument, Google has been blocked in China.

 

UK inflation rises to 10.4%
UK consumer prices rose by 10.4% in February compared with a year ago. The inflation was more acute in food, hitting its highest level in more than 45 years. Official...
March 28, 2023
Canva enters the world of AI
Canva enters the world of Artificial Intelligence (AI). The simplified graphic design platform has recently held its virtual event Canva Create 2023, where they have presented all the new features...
March 27, 2023
Instagram Ads
Instagram will increase the number of ads
Instagram is introducing two new marketing tools to offer businesses new ways to add advertising to the social network. These tools work via reminder ads and by adding ads in...
March 23, 2023
Top crossmenu

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close