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Google to Invests $550 Million in Chinese Online Shopping Mall JD.com

Last updated on September 2, 2018

Technology giant Google is placing $550 million bet on Chinese online shopping mall JD.com in a strategic partnership to develop a range of initiatives including improved retail solutions in a range of regions around the world, including Southeast Asia, the US and Europe, the companies said in a statement released on Monday.

Under the agreement, Google will put $550 million in cash into JD.com and in return, it will receive more than 27 million newly issued JD.com . . .

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