{"id":38310,"date":"2018-07-02T10:41:35","date_gmt":"2018-07-02T10:41:35","guid":{"rendered":"https:\/\/seoagencychina.com\/?p=38310"},"modified":"2022-05-02T09:03:36","modified_gmt":"2022-05-02T09:03:36","slug":"google-invests-jd-partnership","status":"publish","type":"post","link":"https:\/\/seoagencychina.com\/google-invests-jd-partnership\/","title":{"rendered":"Google invests in JD.com to build a strong partnership"},"content":{"rendered":"\n
JD.com is a Chinese e-commerce platform<\/a> headquartered in Beijing. This is one of the two largest B2C online retailers in China<\/a> and a major competitor to Alibaba-run Tmall. In June, JD.com and Google announced that they later will invest $550 million in cash in JD.com in order to build a strategic partnership. The Chinese e-commerce giant and the US tech giant plan to collaborate on strategic initiatives, such as the joint development of retail solutions in a number of regions around the world, including Southeast Asia, the United States, and Europe.<\/span><\/p>\n\n\n\n The two companies are establishing an agreement. Indeed, it is forecasted that Google will receive more than 27 million newly issued JD.com class-A ordinary shares. A class-A share refers to a classification of common or preferred stock that typically has weakened voting rights or other benefits compared to class B or class C shares. Each share has an issue price of $20.29 per share, equivalent to $40.58 per American depository share which is based on the volume-weighted average trading price over the prior 10 trading days.<\/span><\/p>\n\n\n\n <\/span><\/p>\n\n\n\n Its purpose is simple: it expects to explore the creation of next-generation retail infrastructure solutions<\/a>. Google aims to offer more helpful, personalized, and frictionless shopping experiences for consumers. Besides, JD.com wants to make a selection of high-quality products from its platform and sell them on Google Shopping which is the shopping search engine created by Google available in many regions in the world.<\/span><\/p>\n\n\n\n The chief strategy officer of JD.com, Liao Jianwen said: \u201cThis partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world. This marks an important step in the process of modernizing global retail. As we celebrate our June 18 anniversary sale, this partnership opens a new chapter in our history.\u201d<\/span><\/p>\n\n\n\n The Alibaba Group Holding Ltd is the main competitor of JD.com<\/a> and the two groups are competing aggressively in the massive Chinese e-commerce market. They are both willing to invest a lot of money in automated warehouse technology, retail, and logistics in order to win more consumers.<\/span><\/p>\n\n\n\n <\/span><\/p>\n\n\n\n James Yan, a research director at market research company Counterpoint, said: \u201cThe cooperation is highly complementary, and Google could help JD expand its presence in overseas markets.\u201d He also added that Google is aspiring to find a strong partner in China and that building a partnership with JD.com will be a great opportunity to learn from its expertise in logistics and delivery services.<\/span><\/p>\n\n\n\n Consumers from Southeast Asia are expected to spend $88.1 billion only by 2025. Indeed, the Asia-Pacific region if one of the largest and fastest-growing e-commerce marketplaces in the world.<\/span><\/p>\n\n\n\n China is not only the largest e-commerce market<\/a> in the world but also undoubtedly the most exciting, innovative, and unique in the world. It is setting the benchmark for present and future global retail across the globe<\/a> which makes it an important market to study and understand. As of March 2017, JD had 236.5 million active customer accounts and has this year expanded its reach into online grocery shopping, travel, and cosmetics. No longer is JD just associated with electronics and technical products, this is a serious contender to Alibaba\u2019s Tmall.<\/span><\/p>\n\n\n\n For international brands, JD.com & Tmall tend to be top of the agenda but in fact these platforms can be fiercely competitive, there is a large user base to tap into but merely appearing on JD is not enough. Your visibility must be supported by a comprehensive marketing campaign to improve both the awareness and reputation of your brand and products.<\/span><\/p>\n\n\n\n<\/a><\/figure><\/div>\n\n\n\n
Why does Google want to apply JD.com\u2019s supply chain and logistics expertise with its own technological strength?<\/span><\/h2>\n\n\n\n
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What do you need to know before launching your business on JD.com?<\/span><\/h2>\n\n\n\n