Jun
18
Google’s JD.com Deal Shows Silicon Valley Still Wants In on China
ByFor Google, a half a billion dollars is a drop in the bucket. But that money could have an outsize impact on the American tech giant’s ability to re-enter China.
Google said Monday that it would invest $550 million in JD.com, one of China’s biggest e-commerce companies. The investment was a reminder that China, with all its promise, has been largely closed off to American tech giants, thanks to government censorship and fierce competition from homegrown rivals like Alibaba…
Google’s JD.com Deal Shows Silicon Valley Still Wants In on China