Why Google Is Tying Up with This Chinese Company
While Alphabet’s (GOOGL) Google search engine and Play Store have been blocked in China for years now, Google has slowly been increasing its footprint in the world’s second-biggest economy. Google has opened up offices in the country, including an AI hub. On June 18, Google announced it is investing as much as $550 million in Chinese e-commerce company JD.com (JD), Alibaba’s (BABA) competitor, by purchasing JD.com stock.