x
Cloud Native/NFV

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.


Now entering its fifth year, the 2020 Vision Executive Summit is an exclusive meeting of global CSP executives focused on navigating the disruptive forces at work in telecom today. Join us in Lisbon on December 4-6 to meet with fellow experts as we define the future of next-gen communications and how to make it profitable.


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.

Related posts:

— Mitch Wagner Follow me on Twitter Visit my LinkedIn profile Visit my blog Follow me on FacebookExecutive Editor, Light Reading

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.
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE