Google will invest $550 million in Chinese e-commerce company JD.com as part of a strategic partnership, the two companies announced on Monday. The tie-up is seen as a way to combat the dominance of online retailers Alibaba and Amazon across the world.
In a statement, the two companies said they will develop retail solutions in Southeast Asia, the U.S. and Europe. Initially, JD.com plans to make a selection of high-quality products available for sale through Google's price-comparison service Google Shopping in multiple regions.
