Google Invests $550 Million in Chinese Online Shopping Site JD.com
The search giant is building alliances as it races Amazon to develop new ways for people to shop, from voice-enabled smart speakers to faster and more convenient home grocery delivery. Google last year teamed up with Walmart Inc. WMT 0.73% to let users order a selection of the retailer's products on Google's virtual assistant and speakers, a challenge to Amazon's Alexa service. Earlier this month, Google joined with Carrefour SA, Europe's largest retailer, to offer same-day delivery of perishable groceries to people's homes in France. The deal announced Monday also could help Google boost advertising revenue, which has been threatened by Amazon recently as businesses increasingly shift ads to the internet shopping site. The JD investment comes as Google seeks to strengthen its connections in China.
Jun-20-2018, 03:50:07 GMT
- Country:
- Europe > France (0.27)
- North America > United States
- California
- Santa Clara County > Mountain View (0.07)
- San Francisco County > San Francisco (0.07)
- California
- Asia > China
- Industry:
- Retail (1.00)
- Information Technology > Services
- e-Commerce Services (0.65)
- Technology: