Google places a $550 million bet on China's second-largest e-commerce player

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U.S. tech giant Google said it would invest $550 million in cash into Chinese e-commerce player JD.com.
The companies said the investment is part of a strategic partnership, where they will work together to develop better retail infrastructure in multiple markets, including Southeast Asia.
In return, Google will receive more than 27 million newly issued JD.com Class A ordinary shares.

源济