Google investing $550 million in Chinese e-commerce giant JD.com
Expanding its holdings in the competitive and fast-growing Asian market, Google is investing over half a billion dollars in the Chinese e-commerce giant JD.com. The Google-JD.com agreement is designed to promote JD.com products on Google’s shopping platform and expand the company into the U.S. and Europe from its regional base in Southeast Asia. This investment is part of Google’s efforts to compete with Amazon and other Asian competitors in non-Western markets. Google has indicated that this investment will not have a short-term impact on Google’s accessibility in China, where the Chinese government has blocked many of its functions due to Google’s refusal to censor search results.