China e-commerce giant JD.com has received a US$550 million investment from Google as part of a strategic partnership.
Both companies will collaborate on a range of strategic initiatives, including joint development of retail solutions in a range of regions around the world, including Southeast Asia, the US and Europe.
By applying JD’s supply chain and logistics expertise and Google’s technology strengths, they aim to explore the creation of next generation retail infrastructure solutions, with the goal of offering helpful, personalised and frictionless shopping experiences.
JD also plans to make a selection of high-quality products available for sale through Google Shopping in multiple regions.
“This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world. This marks an important step in the process of modernising global retail.,” said Jianwen Liao, Chief Strategy Officer of JD.com.
“We are excited to partner with JD.com and explore new solutions for retail ecosystems around the world to enable helpful, personalised and frictionless shopping experiences that give consumers the power to shop wherever and however they want,” said Philipp Schindler, Chief Business Officer of Google.