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Google Spending $550M on Chinese Partnership

Google will invest $550 million cash in JD.Com, a Chinese online retail platform, part of a partnership where the two companies will develop retail solutions in regions including Southeast Asia, the US and Europe.

The partnership will combine JD's supply chain and logistics expertise with Google's technology strengths, the two companies said in a statement Monday. JD also plans to sell products through Google Shopping in multiple regions. (See Google to Invest $550M in JD.com .)

JD.com is valued at about $60 billion and has partnerships including Walmart, with investments in automated warehouses, drones and other next-generation retail and logistics technologies, according to TechCrunch.

A Google data center.
A Google data center.

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Google's relationship with China has been fraught. Its search service is blocked in China over its refusal to censor search results in compliance with local laws, Reuters noted.

On the other hand, Google announced in December it's opening an AI research lab in China.

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PaulChau 6/19/2018 | 10:35:44 PM
The Chinese will be running the show I think that everybody knows the big Chinese giant will be running the show in the world economy in a few years to come, so any business that wants to make it in the new climate when China comes into its own, has to get on board and find someway to build there or at least collaborate with Chinese companies. It just makes sense for Google and other tech companies to want to get their hands in the pie right now while there are less barriers to entry.
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