By  on June 18, 2018

BEIJING–Google will invest $550 million in cash into Chinese ecommerce giant, JD.com, the companies announced on Monday.

Releasing a statement that coincided with JD.com’s annual 6/18 anniversary sale, the two firms said they would begin working together to explore the “next generation of retail infrastructure solutions” for a range of regions around the world, including Southeast Asia, the U.S. and Europe.

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