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Google's investing $550 million into Chinese shopping site JD.com

Google makes $550M strategic investment in Chinese e-commerce firm JD.com

- Google said Monday that it will invest $550 million in Alibaba's main rival JD.com as the USA tech giant seeks to expand in fast-growing Asian e-commerce markets. With some significant assistance from Google, there is opportunity for JD's expansion into European and United States markets.

The partnership will merge JD.com's supply chain and logistics focus with Google's technology, according to Google. The service displays items at the top of Google's search pages, allowing users to compare prices across different websites.

Google is also reportedly pursuing picking up a stake in India's Flipkart, where Walmart picked up a 77 percent stake for $16 billion. Picture taken June 16, 2014.

For Google's contribution, Alphabet will receive 27.1 million shares of newly issued stock.

The deal will also see JD.com products appear on Google Shopping in the U.S. and Europe.

Kane to the rescue as England beat Tunisia
However, England laboured during periods of the second half as Tunisia sat deep in hope of holding out for a famous draw. However, England got the last laugh anyway when Kane scored from a corner once again to secure a dramatic 2-1 victory.

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.

Google has made investments in China, released products there and opened up offices that include an AI hub, but now it is working with JD.com largely outside of China.

"This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world", said JD.com's chief strategy officer Jianwen Liao.

The investment may give Google access to more consumer data, which can be used to boost usage of Google Shopping, said Morningstar analyst Ali Mogharabi.

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