Google To Invest $550 Million In Chinese E-Commerce Giant JD.com (yahoo.com)

Posted by BeauHD on Monday June 18, 2018 @12:03PM from the large-chunk-of-change dept.

hackingbear shares a report from Yahoo News: Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com. The two companies described the investment announced on Monday as one piece of a broader partnership that will include the promotion of JD.com products on Google's shopping service. This could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in U.S. and European markets. For JD.com, the Google deal shows its determination to build a set of global alliances as it seeks to counter Alibaba, which has been more focused on forging domestic retail tie-ups.

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Wouldn't it be funny by alvinrod · 2018-06-18 12:29 · Score: 2

Wouldn't it be funny if some years later this played out similarly to the Yahoo/Alibaba deal? Google would become a useless husk that's being sold off to a mobile carrier for brand name and parts while their stake in a Chinese company is where the majority of the value is at.

I don't really see that happening as I haven't seen anything that would be a technological challenger to Google on a wide scale, but one never knows how the landscape will have changed in a decade.