Google is buying JD.com for $550 Million
JD.com is kind of a big deal in China… ranking as the country’s second-largest online retailer. Google (GOOGL) will promote JD.com’s (JD) products on its Google Shopping platform. JD.com will also gain much needed exposure across Southeast Asia, the United States and Europe.
Everybody is good for somethin’… I think? I’ll let you ponder that one – but that statement at least holds true for Google and JD.com. Google is great with technology and JD.com can manage the supply chain for products. A beneficial partnership for both that provides each company with exciting new opportunities.
Standing up to the bullies… of e-commerce. The bullies being Amazon (AMZN) and Alibaba (BABA), of course. This partnership will give the pair a fighting chance to give us, the consumers, a shopping experience like none other. Upon announcement, JD.com was up 7.59% in the pre-market.