Google has announced its purchasing 0.93 percent of the A-shares of China's e-commerce giant JD.com. The deal is worth 550 million U.S. dollars, reports thepaper.cn.

 

谷歌宣布将购买中国电商巨头京东商城0.93%的A股股份，该协议价值5.5亿美元。

 

A joint¹ statement from the two companies say they plan to cooperate on a series of strategic projects including joint development of retail² solutions in South Asia, the United States and Europe.

 

"By integrating JD.com's advantages in supply chains and logistics and technologies from Google, the two companies will build a next-generation retail infrastructure³ to offer consumers an invaluable⁴, personalized and convenient shopping experience," said the two companies.

 

JD.com says it hopes to optimize⁵ its sales via Google Shopping.

 

"Cooperation with Google offers JD.com a broader space to provide high-quality shopping service to consumers worldwide. It is an important step to modernize⁶ global retail", said Liao Jianwen, chief strategy officer of JD.com.

 

Philipp Schindler with Google said the cooperation helps to build a global retail ecosystem⁷ which will enable consumers to shop anything in any way and in any time they want.

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