Google Partners Up With JD.com, Will Invest $550 Million
Google has just announced, via an official blog post, that it has partnered up with JD (JingDong Mall), one of the largest and fastest growing e-commerce marketplaces in the world. JD.com is a Chinese company, for those of you who do not know, and it is huge in China, actually. In its blog post, Google notes that consumers in Southeast Asia are expected to spend $88.1 billion online by 2025, and that consumers in general in the Asia-Pacific region are ready to buy, but are not that easy to please. Google has announced that it will invest $550 million in JD.com, as the company wants to "accelerate how retail ecosystems deliver consumer experiences". Google said that applying JD.com's supply chain and logistics expertise to its own technology strengths will help the company explore new ways retail chains can improve their business, in other words, how can they make shopping experiences more enjoyable for consumers. Google has also announced that, as part of this partner