BEIJING/SHANGHAI -- Chinese online retailer JD.com is closing the gap on market leader Alibaba Group Holding through strong in-house logistics, drumming up sales during a recent promotion that approach its rival's take during last year's busiest online shopping period.
JD.com will receive a $550 million investment from Google under a strategic partnership largely seen as an attempt to resist dominant players like Alibaba and Amazon.com. The cash infusion from the U.S. tech company should enhance JD.com's already formidable logistics and supply chain expertise, which has helped China's second-ranked e-tailer maintain speedy delivery times.
