SEARCH engine Google will invest US$550 million
in cash in China's e-commerce giant JD.com under their new partnership
that will involve working together on supply chains.
Google and JD plan to team up on a variety of strategic
initiatives, including joint development of retail solutions in a range of
regions worldwide such as Southeast Asia, the US and Europe, reported London's Air Cargo News.
The companies said that by applying
JD's supply chain and logistics expertise and Google's technology strengths,
the partners would look into the development of next generation retail
infrastructure solutions, with the aim of offering "helpful, personalised and
frictionless shopping experiences."
JD.com chief strategy officer Jianwen Liao was quoted as saying: "This partnership with Google
opens up a broad range of possibilities to offer a superior retail experience
to consumers throughout the world."
Google chief business officer
Philipp Schindler added: "We are excited to partner with JD.com and explore
new solutions for retail ecosystems around the world to enable helpful,
personalised and frictionless shopping experiences that give consumers the
power to shop wherever and however they want.".
Source : HKSG.
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