Press "Enter" to skip to content

Google to Invests $550 Million in Chinese Online Shopping Mall

Last updated on September 2, 2018

Technology giant Google is placing $550 million bet on Chinese online shopping mall 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 and in return, it will receive more than 27 million newly issued . . .

To continue reading, please subscribe and you will get:


  • THE WIRE An all-in-one platform with up-to-the-minute updates of market-moving news and views sources via a network of journalists, traders, brokers, analysts, etc. and from multiple credible news outlets in mainland China. We The Wire 24/7, we walk you through every trading day in mainland China and Hong Kong.
  • DETAILS - General information is everywhere, but information with details is rare.
  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.

FREE TRIAL cancel anytime

Already have an account? Sign In