Google has announced plans to invest more than half a billion dollars in JD.com, China's second largest e-commerce company after Alibaba. With this operation, Big G aims to strengthen its ability to provide retail services.
At the same time, the Mountain View giant is pushing the Google Shopping platform, which claims to allow users to make price comparisons and ends up competing with the global giant Amazon.
Google will inject $550 million in cash into JD.com and in return will receive 27,1 million newly issued shares, about 1 percent of the capital. “Partnering with Google opens up a wide range of possibilities,” commented JD's director of strategy, Jianwen Liao.
