Energy News  
INTERNET SPACE
Google to invest $550 million in China e-commerce giant JD.com
by Staff Writers
Beijing (AFP) June 18, 2018

Google will invest more than half a billion dollars in China's second-largest e-commerce company JD.com as part of a move to expand retail services around the world, the companies said Monday.

The announcement comes as US giant is pushing Google Shopping, a platform allowing customers to compare prices between different sellers, which poses a challenge to Amazon.

The firms will marry JD's supply chain and logistics experience with Google technology to create "next generation" personalised retail in regions including Southeast Asia, the US and Europe, the joint statement said.

"This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world," JD.com's chief strategy officer Jianwen Liao said.

Google will put $550 million in cash into JD.com and in return, the California-based company will receive 27.1 million newly issued JD.com Class A ordinary shares.

The shares are equivalent to a nearly one percent stake in the company, according to a JD.com spokesman.

Google chief business officer Philipp Schindler said the move will give customers "the power to shop wherever and however they want."

However, the partnership is unlikely to affect Google's status in mainland China, where Gmail, Google Search and Google Maps are all blocked in China.

"The announcement isn't focused on China," JD.com spokesman Josh Gartner confirmed to AFP.

Chinese internet users face fines or even jail for unfavourable social media posts. Authorities have further tightened internet controls in recent months, shutting down celebrity gossip blogs and probing platforms for "obscenity".

In China, JD.com competes aggressively with e-commerce leader Alibaba, which runs the popular Taobao and Tmall shopping platforms.


Related Links
Satellite-based Internet technologies


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


INTERNET SPACE
Like 'Star Trek': voice shopping seen as new frontier
Washington (AFP) June 17, 2018
Hey, Google, order a large pizza! Alexa, I need vitamins! Voice shopping using smart speakers and smartphone apps is starting to gain traction among consumers, opening up a new "conversational commerce" channel and potentially disrupting the retail sector. Devices such as Amazon's Alexa-powered speakers and Google Home, which use artificial intelligence to respond to voice commands, are offering new choices to consumers who are looking for more convenient ways to order goods and services. Vo ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

INTERNET SPACE
Orange, tea tree and eucalyptus oils sweeten diesel fumes

Critical plant gene takes unexpected detour that could boost biofuel yields

'Tricking' bacteria into hydroxylating benzene

How to suck carbon dioxide from the sky for fuels and more

INTERNET SPACE
Jumby Bay island to benefit from additional clean energy supply

Researchers solve major challenge in mass production of low-cost solar cells

Wartsila introduces new hybrid solar PV and storage solution

Sunvapor receives DoE contract to develop Solar Steam on Demand

INTERNET SPACE
Batteries make offshore wind energy debut

India embarks on offshore wind energy effort

New wind turbines are even efficient in low winds

Cryptocurrency blowing in the wind as mine opens in Estonia

INTERNET SPACE
Green electricity isn't enough to curb global warming

European Commission: Luxembourg tax laws benefited ENGIE

Hong Kong consortium makes $9.8 bn bid for Australia's APA

'Carbon bubble' coming that could wipe trillions from the global economy

INTERNET SPACE
Paving the way for safer, smaller batteries and fuel cells

Turbocharge for lithium batteries

Sodium- and potassium-based batteries hold promise for cheap energy storage

The first experimental discovery in the world of the propagation of plasma turbulence

INTERNET SPACE
Wastewater treatment plants are key route into UK rivers for microplastics

Japan passes anti-plastic law but with no sanctions for polluters

Delhi reels as summer haze catches Indian capital off guard

EU Parliament to phase out plastic water bottles

INTERNET SPACE
GE split isn't about Baker Hughes

German poll reveals a trust deficit for U.S. energy

Energy firms rise with oil prices but Asia investors uncertain

Germany's E.ON starts new chapter

INTERNET SPACE
Martian Dust Storm Grows Global; Curiosity Captures Photos of Thickening Haze

Explosive volcanoes spawned mysterious Martian rock formation

Unique microbe could thrive on Mars, help future manned missions

NASA spacecraft studying massive Martian dust storm









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.