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Google To Invest $550M In JD.com For 1 Percent Stake

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Watch video · Tech giant Google said Monday it will invest more than half a billion dollars in China's second-largest e-commerce player, 288288.pw Google recently invested $ million into Chinese online retailer 288288.pw The partnership with Google helps JD because the company will be able to sell their products directly through Google.

Google’s $ million investment in 288288.pw will deepen its ties with China and strengthen its foothold in online shopping.

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In March, Reuters reported a new program where Google was teaming up with retailers like Walmart, allowing them to list their products on Google Search, as well as on the Google Express shopping service to better compete with Amazon. 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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In August , the two companies joined forces to offer hundreds of thousands of Walmart items on Google's voice-controlled Google Assistant platform to counter the dominance of Amazon in the voice shopping market. 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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