Google bets $550 million on Chinese e-commerce firm JD.com

Google is buying a $550 million stake in Chinese e-commerce firm JD.com as part of a strategic partnership between th...

Posted: Jun 18, 2018 11:36 AM
Updated: Jun 18, 2018 11:36 AM

Google is buying a $550 million stake in Chinese e-commerce firm JD.com as part of a strategic partnership between the two companies.

The two tech firms announced Monday that they will join forces to sell goods online across Southeast Asia, the United States and Europe, competing with rivals like Amazon and Alibaba.

Under the deal, JD said it "plans to make a selection of high-quality products available for sale through Google Shopping in multiple regions."

The two companies also hope to combine Google's technology with JD.com's expertise in managing supply chains for products.

JD, China's second largest e-commerce retailer after Alibaba, has had its eye on Western markets.

In February, CEO Richard Liu told The Financial Times that the Chinese company plans to challenge Amazon in Europe as early as 2019.

"This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world," JD's chief strategy officer, Jianwen Liao, said in a statement Monday.

Related: It's not just Amazon: Chinese tech giants are selling groceries too

Like Alibaba, JD has already sought to expand its reach across Southeast Asia.

Google has struck other partnerships in an effort to compete with Amazon in e-commerce. Last year, it teamed up with Walmart to enable people to order the retail giant's products through Google Assistant.

Unlike Amazon, Google isn't able to offer its main services in China.

The company's most popular products -- its search engine, maps, Gmail and YouTube -- remain banned in the country. The announcement with JD on Monday made no mention of the companies partnering on initiatives inside China.

Google has recently been ramping up its investments in China and elsewhere in Asia. Earlier this year, it led a $120 million investment into Chinese sports streaming company Chushou and invested an undisclosed amount of money in Indonesian ride-hailing company Go Jek.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 36680

Reported Deaths: 1250
CountyConfirmedDeaths
Hinds299254
DeSoto195920
Madison148439
Jones122449
Harrison117716
Rankin112619
Neshoba104677
Forrest103843
Lauderdale96681
Scott82415
Jackson79819
Washington73713
Copiah67016
Leake63420
Lee62822
Oktibbeha61928
Grenada6049
Warren60021
Holmes59541
Lamar5837
Wayne56519
Yazoo5607
Lowndes54817
Leflore53456
Lincoln53335
Lafayette5064
Pike50520
Sunflower5048
Monroe46135
Panola4546
Covington4465
Simpson4433
Bolivar41218
Tate39213
Attala38624
Newton37610
Adams35820
Pontotoc3556
Marion34512
Claiborne30811
Pearl River30332
Winston30111
Chickasaw30019
Marshall2923
Jasper2816
Noxubee2799
Walthall2708
Clay26111
Union25412
Smith25212
Coahoma2306
Clarke22325
Lawrence2132
Yalobusha2089
Tallahatchie1954
Kemper18414
Carroll18211
Montgomery1793
Calhoun1705
Humphreys16910
Hancock14813
Itawamba1478
Tippah14611
Webster13411
Jefferson1283
Prentiss1274
Jefferson Davis1254
Tunica1253
George1233
Greene11610
Amite1123
Alcorn1072
Tishomingo1061
Quitman1011
Wilkinson989
Perry914
Stone772
Choctaw764
Franklin542
Sharkey480
Benton470
Issaquena101
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 54768

Reported Deaths: 1096
CountyConfirmedDeaths
Jefferson6746170
Mobile4904140
Montgomery4547112
Tuscaloosa269053
Madison22689
Marshall198011
Shelby169125
Lee159637
Morgan13385
Baldwin127711
Walker107532
Elmore106721
Etowah101114
Dallas10029
DeKalb9677
Franklin93816
Autauga69815
Russell6860
Unassigned67928
Chambers67730
Butler65229
Limestone6393
Tallapoosa63069
Cullman6156
Houston6077
Lauderdale5776
St. Clair5443
Calhoun5155
Colbert5096
Escambia4888
Lowndes48422
Pike4795
Jackson4352
Coffee4284
Covington41612
Talladega4017
Barbour3992
Dale3951
Bullock37810
Hale35423
Marengo35411
Chilton3312
Blount3201
Clarke3176
Wilcox3038
Winston2995
Sumter29213
Marion29014
Pickens2746
Randolph2639
Monroe2603
Perry2502
Conecuh2318
Bibb2241
Macon2199
Choctaw21712
Greene1989
Henry1553
Washington1488
Lawrence1360
Crenshaw1323
Cherokee1247
Geneva980
Lamar891
Clay852
Fayette851
Coosa661
Cleburne451
Out of AL00
Tupelo
Few Clouds
90° wxIcon
Hi: 91° Lo: 71°
Feels Like: 92°
Columbus
Few Clouds
92° wxIcon
Hi: 91° Lo: 69°
Feels Like: 101°
Oxford
Few Clouds
90° wxIcon
Hi: 91° Lo: 68°
Feels Like: 90°
Starkville
Clear
90° wxIcon
Hi: 89° Lo: 66°
Feels Like: 93°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather