Google to invest $550m in JD

Shoppers at an unmanned supermarket of JD in Beijing. [Photo by Wang Jing/China Daily]

Chinese e-commerce giant JD and US tech giant Google Inc announced on Monday that Google will invest $550 million in cash in JD, as part of a strategic partnership.

The two companies plan to collaborate on a range of strategic initiatives, including the joint development of retail solutions in a number of regions around the world, including Southeast Asia, the United States and Europe.