Google Invests $550M in JD.com

Google announced Monday that it will invest $550 million in Chinese e-commerce player JD.com in exchange for 27 million shares, reports CNBC. The strategic partnership aims to develop retail infrastructure in Europe, the U.S. and Southeast Asia, combining JD.com’s experience and technology in supply chain and logistics with the U.S. tech giant’s customer reach, data and marketing capabilities, per TechCrunch. The announcement comes off the back of growing trade tensions between the two nations.

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