EconomicGlobal RiskNews Briefs

Google investing $550 million in Chinese e-commerce giant

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 The agreement is designed to promote 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. 

Source: Google to invest $550 million in Chinese e-commerce giant | Reuters

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.