FILE PHOTO: A logo of JD.com is seen on a helmet of a delivery man in Beijing, China June 16, 2014. Picture taken June 16, 2014. REUTERS/Jason Lee/File Photo
Google is investing US$550mil (RM2.19bil) in cash in China’s JD.com Inc as the US search giant pushes deeper into online commerce.
Alphabet Inc’s Google will buy newly issued Class A shares at US$20.29 (RM81.02) per share, equivalent to US$40.58 (RM162.04) per ADS, the companies said in a joint statement on June 18. The pair plan to explore joint development of retail solutions in regions, including South-East Asia, the US and Europe. The deal comes just a week after Google struck an alliance with Carrefour SA to sell groceries online in France through the US company’s platforms including Home and Assistant.
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