Space Industry and Business News  
INTERNET SPACE
Google to invest $550 million in China e-commerce giant JD.com
by Staff Writers
Beijing (AFP) June 18, 2018

Google will invest more than half a billion dollars in China's second-largest e-commerce company JD.com as part of a move to expand retail services around the world, the companies said Monday.

The announcement comes as US giant is pushing Google Shopping, a platform allowing customers to compare prices between different sellers, which poses a challenge to Amazon.

The firms will marry JD's supply chain and logistics experience with Google technology to create "next generation" personalised retail in regions including Southeast Asia, the US and Europe, the joint statement said.

"This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world," JD.com's chief strategy officer Jianwen Liao said.

Google will put $550 million in cash into JD.com and in return, the California-based company will receive 27.1 million newly issued JD.com Class A ordinary shares.

The shares are equivalent to a nearly one percent stake in the company, according to a JD.com spokesman.

Google chief business officer Philipp Schindler said the move will give customers "the power to shop wherever and however they want."

However, the partnership is unlikely to affect Google's status in mainland China, where Gmail, Google Search and Google Maps are all blocked in China.

"The announcement isn't focused on China," JD.com spokesman Josh Gartner confirmed to AFP.

Chinese internet users face fines or even jail for unfavourable social media posts. Authorities have further tightened internet controls in recent months, shutting down celebrity gossip blogs and probing platforms for "obscenity".

In China, JD.com competes aggressively with e-commerce leader Alibaba, which runs the popular Taobao and Tmall shopping platforms.


Related Links
Satellite-based Internet technologies


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


INTERNET SPACE
Like 'Star Trek': voice shopping seen as new frontier
Washington (AFP) June 17, 2018
Hey, Google, order a large pizza! Alexa, I need vitamins! Voice shopping using smart speakers and smartphone apps is starting to gain traction among consumers, opening up a new "conversational commerce" channel and potentially disrupting the retail sector. Devices such as Amazon's Alexa-powered speakers and Google Home, which use artificial intelligence to respond to voice commands, are offering new choices to consumers who are looking for more convenient ways to order goods and services. Vo ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

INTERNET SPACE
From face recognition to phase recognition

Lone water molecules turn out to be directors of supramolecular chemistry

Rutgers physicists create new class of 2D artificial materials

The right chemistry, fast: employing AI and Automation to map out and make molecules

INTERNET SPACE
New Land Mobile Technology Driving The Need For Modern Satcom Capabilities

On-the-move communications system set to field this fall

Lockheed Martin's 5th AEHF comsat completes launch environment test

IAP Worldwide Services tapped for satellite systems

INTERNET SPACE
INTERNET SPACE
Russia launches Soyuz-21b with Glonass-M navigation satellite

China's Beidou system helps livestock water supply in remote pastoral areas

UK says shut out of EU's Galileo sat-nav contracts

Woman drowns in Prague drains playing GPS treasure hunt

INTERNET SPACE
UK lawmakers approve expanding London's Heathrow airport

V-22 Ospreys to receive ballistic protection panels

Turkey gets first F-35 delivery from US

Air Force resumes B-1 bomber flight operations after safety concerns

INTERNET SPACE
Less is more when it comes to predicting molecules' conductivity

This is what a stretchy circuit looks like

Rare element to provide better material for high-speed electronics

The right squeeze for quantum computing

INTERNET SPACE
Sentinel-3 flies tandem

New method makes weather forecasts right as rain

UCI scientists find new teleconnection for early and accurate precipitation prediction

New NASA instrument on ISS to track plant water use on Earth

INTERNET SPACE
Wastewater treatment plants are key route into UK rivers for microplastics

Japan passes anti-plastic law but with no sanctions for polluters

Delhi reels as summer haze catches Indian capital off guard

EU Parliament to phase out plastic water bottles









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.