JD.com, Inc., a Beijing, China-based NASDAQ100, technology-driven e-commerce company, is to receive a $550m from Google (GOOG) as a part of a strategic partnership.
Under the agreements, Google will receive 27,106,948 newly issued JD.com Class A ordinary shares at an issue price of $20.29 per share, based on the volume-weighted average trading price over the prior 10 trading days.
Google and JD plan to 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.
By applying JD’s supply chain and logistics expertise and Google’s technology strengths, the two companies aim to explore the creation of next generation retail infrastructure solutions, with the goal of offering personalized shopping experiences.
JD also plans to make a selection of products available for sale through Google Shopping in multiple regions.
JD.com is a Chinese e-commerce platform, providing 301.8 million active customers with direct access to a range of products across every major category (electronics, apparel and home furnishings, FMCG, fresh food, home appliances and others), and allowing local and international brands to get into China’s e-commerce market.