Similar to how Amazon is the go-to online retailer in the United States, JD.com is China's second-largest website for buying everything from smartphones to soda. On June 18, Google announced that it's partnering with JD.com and plans to invest $550 million in the company.
Per Karim Temsamani, Google's President of Asia-Pacific Operations:
Temsamani calls this a "strategic partnership" with JD.com, and in addition to the monetary investment, JD.com will also be included as a merchant on Google Shopping in multiple regions
E-commerce is currently exploding in the Asia-Pacific region, with people expected to spend an upwards of $88.1 billion by 2025 on online purchases.
A partnership with one of the world's largest companies is a huge win for JD.com, and it'll be interesting to see if Google buddies up with any other shopping brands going forward.
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