Google invests half a billion dollars in competitor AliExpress

Google инвестирует полмиллиарда долларов в конкурента AliExpress

Among investors JD.com also listed Chinese technology company Tencent Holdings Ltd.

Google invests $ 550 million in Chinese online shop JD.com that is a competitor of marketplace AliExpress, reports Reuters.

So, the company said that the investment will help to expand partnerships, including promotion of products JD.com shopping Google. It is also noted that Google support will help the online store to go beyond the market of Southeast Asia and China and to increase its presence in the European and American markets.

Among investors JD.com also listed Chinese technology company Tencent Holdings Ltd.

Earlier it was reported that Google is negotiating to buy part of the business of the company Nokia, to conduct high-speed Internet in airplanes.

 

News from the Reporter.net Telegram. Subscribe to our channel https://t.me/korrespondentnet

Source