in its Battle With Alibaba
..."In fact, JD now has three international giants supporting its efforts, with Google adding its name to a list that includes Tencent Holdings (NASDAQOTH: TCEHY) and Walmart (NYSE: WMT) . Having these three in your corner is a pretty big vote of confidence, and could transform both the Chinese and global races for e-commerce supremacy.
What Google and JD get
Per the company's press release , JD and Google will "collaborate on a range of strategic initiatives, including joint development of retail solutions in a range of regions around the world, including Southeast Asia, the U.S. and Europe." Interestingly, the investment was made through Google, not via one of Alphabet's investment vehicles, ....JD will gain access to Google's AI (artificial intelligence) and technological capabilities, while Google will gain access to JD's supply chain and logistics expertise. The agreement gives Google a way to benefit from the otherwise closed-off Chinese market, while JD will increase its exposure to Southeast Asia, Europe, and the U.S., ......"
www.nasdaq.com/article/...in-its-battle-with-alibaba-cm985324