The two companies described the investment as one piece of a broader partnership that will include the promotion of JD.com products on Google’s shopping service. This could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in U.S. and European markets.
Google will get 27.1 million newly issued JD.com Class A ordinary shares as part of the deal. This will give them less than a 1 percent stake in JD, a spokesman for JD said.
This means that existing shareholders will see their shares deluted by 1%? Anyway this news will probably far offset that loss, expect JD to soar again when the markets open.
Submitted June 18, 2018 at 02:03AM by tt598 https://ift.tt/2MyTXjr
