Google pays $550m for stake in China’s JD.com

Deal is latest step in low-profile strategy in China, where its search engine is blocked. Google is paying $550m for a stake in JD.com, the Chinese ecommerce group, in a move that will see the two collaborate on retail and other initiatives. The deal for a less than 1 per cent stake is the latest step in a low-profile China strategy being quietly stitched together by … https://on.ft.com/2ytG0jE

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